Simple average of the outcomes - time constraint, Financial Management

Assignment Help:

1. Your welfare depends on how much time you travel T and how much time you play P and is the product of the two, i.e.,  W = T * P

(a) The total amount of time you have is 10 hours, i.e., T+P=10.

(b) If you spend 2 hours travelling and 8 hours playing, how much is your welfare?

(c) If you spend 8 hours travelling and 2 hour playing, how much is your welfare?

(d) Consider the simple average of the outcomes in (b) and (c). Is that possible given your time constraint? How high is your welfare in this case? What does it suggest about your feeling for averages versus extremes?


Related Discussions:- Simple average of the outcomes - time constraint

Describe the direct costs and variable costs, Question : (a) A project ...

Question : (a) A project must have a useful purpose. Therefore, as a project is evaluated, the team should determine the requirements of the local community and industry. These

Capiital budgating, calculate payback period of each project and according ...

calculate payback period of each project and according to payback whice project should be accepted

WEALTH.., What is the fastest way to be rich?

What is the fastest way to be rich?

Bond indenture, Bond Indenture An indenture builds the formal conditio...

Bond Indenture An indenture builds the formal conditions of a lending relationship between a borrower and a lender. It is a written record, and it outlines most important func

Inflation rate is likely after year 1, a) Suppose that the real risk-free r...

a) Suppose that the real risk-free rate, r*, is 3% and that inflation is assumed to be 7% in Year 1, 5% in Year 2, and 4% after that. Suppose also that all Treasury securities are

What is substantive test, what is Substantive tests or transactions based a...

what is Substantive tests or transactions based auditing Tests to attain audit evidence to detect material misstatements in financial statements. Using analytical procedures an

What is sustainable growth, Does the expected value of the sales and of the...

Does the expected value of the sales and of the net income of Spanish companies have anything to do with sustainable growth? No. Sustainable growth it is just a number that sho

Compute the economic order quantity, Q. Compute the economic order quantity...

Q. Compute the economic order quantity? TNG has a current order size of 50000 units Average number of orders per year = demand/order size = 255380/50000 = 5·11 orders Ann

Determine cost of redeemable debt, Q. Determine Cost of redeemable Debt? ...

Q. Determine Cost of redeemable Debt? Cost of redeemable Debt: - Usually a company issues a debt which is redeemable subsequent to a certain period during its life-time. Such a

Investor’s considerations -financial market, Investor's Considerations ...

Investor's Considerations As mentioned above, every investor before taking an investment decision, must consider the following aspects: Risk: The primary consideration for t

Write Your Message!

Captcha
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