What are the expected marginal costs

Reference no: EM131430849

Imagine that you are trying to decide whether to cross a street without using the designated crosswalk at the traffic signal. What are the expected marginal benefits of crossing? What are the expected marginal costs? How would the following conditions change your benefit-cost equation?

a. The street was busy.

b. The street was empty and it was 3:00 A.M.

c. You were in a huge hurry.

d. There was a police officer 10 metres away.

e. The closest crosswalk was 1 kilometre away.

f. The closest crosswalk was 5 metres away.

Reference no: EM131430849

Questions Cloud

Were there any samples that showed no growth : Were there any samples that showed no growth? If so, list the samples and media. Given that microorganisms are everywhere, would you expect to see growth on every plate? Why or why not?

What is the marginal cost of producing the 43rd unit : If the widget producer could sell at $60 per unit however many he could produce, how many would he choose to produce? If he could sell at $80 per unit however many he could produce? Explain.

Discover your employees are stealing your office supplies : You discover your employees are stealing your office supplies and a computer with a monitor and printer. How will you handle this? Internally within your business or call the police? How will you prevent it from happening in the future, including the..

Find an employment law case concerning : Search the internet to find an employment law case concerning an alleged Title VII violation that was decided within the last 5 yrs. In one or two paragraphs, explain the main components of the case and state applicable federal, state, or local emplo..

What are the expected marginal costs : Imagine that you are trying to decide whether to cross a street without using the designated crosswalk at the traffic signal. What are the expected marginal benefits of crossing?

What are some of the ethical dilemmas that can arise : ed on the readings in Chapter 6, what are some of the ethical dilemmas that can arise due to: personal morality/religious beliefs; responsibility priorities; undertaking moral/social issues as part of business operations, etc.

Construct your models as demonstrated in notes and podcasts : Antonio’s Pizza is considering adding hot wings to their menu. Under consideration are two options – Make the wings from scratch with uncle Tony’s secret sauce or Buy the wings frozen and already sauced from an outside supplier. Set up spreadsheet mo..

Earthlings to colonize the planet : Mars rovers have collected enough data to give us a good picture of what the red planet is like. It has CO2, liquid water, strong sun light, and various minerals in the soil. If human decides to bring some earthlings to colonize the planet, what..

Identify which aspects of the law are negative incentives : What behaviour is the Chinese government attempting to promote with these types of incentives? Identify which aspects of the law are negative incentives and which are positive incentives.

User Account

All Pages