Sam with the greatest net benefits

Assignment Help Business Management
Reference no: EM131650822

Sam is willing to pay $12 per month for 1 green egg per month, $10, for the 2nd, $8 for the 3rd, etc. The market price of green eggs is $8. He is willing to pay $20 per month for 1 slice of ham per month, $16 for a 2nd, $12 for a 3rd, etc. The market price of ham slices is $12. (For this problem, assume Sam can only buy green eggs and ham in whole units; i.e. use the discreet values given, do not graph as a linear demand curve). a. How many green eggs and ham slices does Sam purchase per month, and how much does he spend in total on each? b. Which good provides Sam with the greatest net benefits? Would your answer be the same if green eggs cost $6? c. How much would Sam be willing to pay to be able to purchase ham slices at $8 rather than $12?

Reference no: EM131650822

Questions Cloud

Construct confidence interval for the true distance : Paper airplanes. In preparation for a regional paper airplane competition, a student tried out her latest design.
Organization recruit for new talent and qualified personnel : How does your organization recruit for new talent and qualified personnel, How would you describe the human resources department
Continue to have economic growth : Do you think the trade deficit is something that the US economy should be focused on to ensure that we can continue to have economic growth?
Markets for various consumers : How do you think the lack of choices can impact markets for various consumers?
Sam with the greatest net benefits : How much would Sam be willing to pay to be able to purchase ham slices at $8 rather than $12?
Describe the issues facing international is managers : Describe the issues facing international IS managers in service and manufacturing firms
How memcachedb control reliability or data replication : How memcachedb control reliability or data replication? What are the motivations to adopt memcached and memcachedb as DB?
Bricklaying is a labour-intensive activity : Bricklaying is a labour-intensive activity. One Hod carrier can provide mortar for two bricklayers (A Hod carrier is a labourer who carries material.
Develop a case study to review digital marketing innovation : MKTG6006 Digital and Interactive Marketing Assessment - Case Study (Facilitation). Develop a case study to review digital marketing innovation

Reviews

Write a Review

Business Management Questions & Answers

  Explain the communication challenges unique to groups

Explain the communication challenges unique to groups and teams, especially in cross-cultural situations.

  Develop the strategic objectives for your new division

Identify key trends, assumptions, and risks in the context of your final business model.

  Training and performance appraisal process

Explain your chosen job design, organizational design, your recruiting strategy and methods, and your training and performance appraisal process

  Analyze the impact of those challenges on todays leaders

What are the challenges facing leaders in today's environment? Consider both internal and external challenges within an organization. Describe the impact of those challenges on today's leaders. Explain how leaders need to respond to them.

  Is there something hr can do to help ease this tension

Frustration over inability to terminate an employee because of insufficient documentation is a frequent source of tension. Is there something HR can do to help ease this tension with se types of situation.

  Minimum of three pages in length

If another person were to read your proposal, he or she should know exactly what is expected and what direction the project will take.

  Recent presidential election in the usa

From the FX market perspective, research and summarize the three months leading to the recent presidential election in the USA.

  Three independent variables

Give an example of a proposition that contains at least three independent variables and at least five operations. Provide the truth table for that proposition.

  What is the price of insurance in the equilibrium

a. What is the price of insurance in the equilibrium? b. Who buy insurance in equilibrium?

  Fair distributions of rewards and corrections

The goal of evaluating the performance of employees is to maintain organizational control and fair distributions of rewards and corrections. Therefore, a spirit of mutuality is needed for an effective performance appraisal system (Yahya & Fee-Yean..

  Calculate the required return for a company

Describe how the concept of beta impacts financial decision-making. Calculate the required return for a company Z that has a beta of 1.4 if the market risk premium is 9% and the risk-free rate is 4%

  What controversies did al dunlap create at scott paper

What controversies did Al Dunlap create at Scott Paper? What controversies did he create at Sunbeam? Did the board of Sunbeam make the right decision in hiring him?

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