Optimal amount of hamburgers maximizes her nb

Assignment Help Business Management
Reference no: EM131221273

1. Suppose that Caroline stops by Burger Queen to have lunch. She feels that the first hamburger is worth $8.50, the second one is worth $6.00, the third one is worth $4.25, and the fourth one is worth $3.00. The first hamburger costs her $3.00, the second one $3.50, the thirds one $4.00 and the fourth one $4.50.

(a) i) Calculate her total benefit (TB), total cost (TC) and net benefits (NB) at each level of her hamburger consumption.

ii) Determine her optimal hamburger consumption and show if her optimal amount of hamburgers maximizes her NB.

Reference no: EM131221273

Questions Cloud

Mass fraction of liquid propane in the cylinder : volumetric percentage of the propane liquid phase left the cylinder. Mass fraction of liquid propane in the cylinder
Compare role and powers of office of management and budget : Compare the role and powers of the Office of Management and Budget to the Congressional Budget Office. Provide a fully developed essay of at least 500 words, and cite sources used.
Future of business in michigan : For this paper, you will select a Michigan city (or neighborhood within a large city) that you believe has potential for future business growth.
Estimate the initial pressure in the tank : A rigid tank contains water vapor at 250°C at an unknown pressure?. The tank is cooled to 150°C when the water vapor starts to condense. Estimate the initial pressure in the tank The final state is saturated vapor.
Optimal amount of hamburgers maximizes her nb : (a) i) Calculate her total benefit (TB), total cost (TC) and net benefits (NB) at each level of her hamburger consumption. ii) Determine her optimal hamburger consumption and show if her optimal amount of hamburgers maximizes her NB.
Stare whether the members are in tension or compression : Determine the force in members a, b, and c. Stare whether the members are in tension or compression.
Calculate the net income of the partnership : ACC 304 Taxation Law: Tax Practice Assignment. Running for Life - Running for Life opened for business on 1 July 2015. The accounting profits and losses are to be shared equally after adjusting for special partnership items. Calculate the net incom..
Discuss three types of finance crime or investment fraud : Define and discuss three types of finance crime or investment fraud? Why does finance crime represent an especially potent threat to society? What is the nature of the basic controversy over finance crimes, including insider trading?
How much should a company invest in it : How much should a company invest in IT? How does a company know if it under-invests or over-invests in IT? If you haven''t heard of the "IT-productivity paradox,

Reviews

Write a Review

Business Management Questions & Answers

  Bench strengthexplain what role do leaders in your

bench strengthexplain what role do leaders in your organization need to play in order to maximize the effectiveness of

  Evergreen air center is the world largest parking lot

Evergreen Air Center is the world's largest parking lot for undesired commercial aircraft. Airlines pay from $750 to $5,000 monthly for the storage services provided by Evergreen.

  Salary structure bias can the decision-making process also

salary structure bias. can the decision-making process also be biased?in creating a salary structure we have seen where

  Sat writing test to screen candidates

The SAT and ACT college entrance exams once were completely multiple-choice, but both tests recently began including an essay portion (which is optional for the ACT).

  Assignment outline to the discussion area

Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate

  Basis of the moral rights according to a utilitarian view

1. Define the following: a right, a legal right, a moral right, a human right. How are they related? 2. What three (3) features define a moral right? 3. How do we know that people have rights? What is the basis of the moral rights according to a ut..

  Explain the concept of total compensation

Explain the concept of total compensation and how compensation and benefit systems are used by organizations to attract

  Global expansion through franchising for market penetration

The CEO is looking for another country in which to enter with his restaurant. He has to work within certain limitations, etc. One my suggestions will be to establish more franchises within the countries where restaurants were recently opened.

  Vaccine distribution and safety

How does vaccine distribution relate to key operations and supply chain management questions including: quality management, new product development and forecasting?

  Consider the alternative approach to fighting five consumer

Consider the Alternative Approach to fighting five consumer products alcohol, tobacco, guns, motor vehicles and junk food

  Advantages and disadvantages of other lot sizing techniques

What alternatives are there to lot-for-lot scheduling at each level?- Identify and discuss the potential advantages and disadvantages of other lot sizing techniques.

  Question related to communication methodspost a response to

question related to communication methodspost a response to the following discussion questiondifferent methods of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd