The economics department implemented a new grading policy

Reference no: EM13754260

The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the student's overall score for the course, M is the number of minutes spend studying, and A is a variable that reflects how much the student dislikes studying. For the first exam, each correct answer costs student 10 mins of study time. For the second midterm, each correct answer costs student 20 mins of study time. We know the student studied for 1200 mins. What is the value of A in this student's utility function?

Reference no: EM13754260

Questions Cloud

Identifying strategy used to determine meaning of to a mouse : After reading the following lines from "To a Mouse," translate each word in italics, identifying the strategy you used to determine each word's meaning.

Compute the current ratio : Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity.

The economics department implemented a new grading policy : The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the stud..

The chair of the federal reserve to manage the trading : You are hired by the Chair of the Federal Reserve to manage the trading desk at the New York Fed and the Chair tells you that he wants you to increase the money supply (M1) by 33.33 percent. They warn you to be careful because in these uncertain time..

Experiences going through an organizational change : Discuss your experiences going through an organizational change. Does your experience following what is outlined in the Leading Change article

What direct results of crusading era in europe for byzantine : What were the direct and indirect results of the crusading era in Europe for Byzantines, Muslims, & Europeans?

Contrast traditional outsourcing with the software : Compare and contrast traditional outsourcing with the Software as a Service. Under what conditions do you think a company should choose SaaS over traditional outsourcing? Explain your views

User Account

All Pages