User Account

All Pages

What is the best choice of hours for this worker

Assignment Help Managerial Economics
Reference no: EM13976942

1. Suppose that you can schedule a worker up to four hours per day. The benefit function is given by B(H) = 500H  22.5H2 and the cost function is given by C(H) = 100 + 15H2. The corresponding marginal benefit and marginal cost functions are given by MB(H) = 500  45H and MC(H) = 100 + 30H. What is the best choice of hours for this worker?

Reference no: EM13976942

Questions Cloud

What is the incremental cost of funds on asset : Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $4, $5. Suppose you have $8.0 at 1% and can borrow at 9%. What is the incremental cost of funds on asset B?
What is in cm the radius of curvature of the cornea : To fit a patient for contact lenses, an optometrist places an object of 1.30cm height 4.0cm from the patient's cornea. This results in an upright reflected image that is 0.130cm high. What is the magnification?
What are the ties between the brain and memory : My topic for this research paper is memory. what are the ties between the brain and memory? What do Dr. Loretta Loftus' studies suggest about memory
Describe how the equilibrium changes : Suppose that the demand curve for wheat is Q = 100 - 10p and the supply curve is Q = 10p. The government imposes a price ceiling of p = 3. Describe how the equilibrium changes. What effect does this ceiling have on consumer surplus, producer surplus,..
What is the best choice of hours for this worker : The benefit function is given by B(H) = 500H  22.5H2 and the cost function is given by C(H) = 100 + 15H2. The corresponding marginal benefit and marginal cost functions are given by MB(H) = 500  45H and MC(H) = 100 + 30H. What is the best choice of h..
Consumer surplus-producer surplus and deadweight loss : Suppose that the demand curve for wheat is q = 100 - 10p and the supply curve is q = 10p. the government imposes a price support at p = 6 using a deficiency payment program. What is the quantity supplied, the price that clears the market, and the def..
Compre the alternatives using the neua worth method : Jane starts working on her 25th birthday with an annual saary of $55,000. She sets aside 5% of her salary at the end of each year for her pension plan, whch is matched by her employer.
Why does the stock market react to earnings reports : The following type of report occurs each quarter as firms announce their earnings: Weaker-than-expected results last week from Exxon Mobil have set a gloomy backcloth for results on Thursday from Royal Dutch/Shell. The company said its profit margins..
Find magnetic force per unit length between the two wires : Two long parallel wires carry currents of 4 A and 8 A in the opposite direction. The wires are separated by 0.26 m. Find the magnetic force per unit length between the two wires.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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