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Unformatted text preview: He reached the temple shortly before sunset. After several days of fasting and meditation he began his journey back along the same path, starting at sunrise and again walking at variable speeds with many pauses along the way. His average speed descending was, of course, greater than his average climbing speed. Prove that there is a spot along the path that the monk will occupy on both trips at precisely the same time of day. 4. Determine the opportunity costs of the following activities: a. going on a date on Friday night. b. buying a Big Mac at MacDonalds. c. opening a MacDonalds franchise in your hometown. d. going to college. e. building a space station. 5. Construct a Production Possibilities Curve for your choices between time spent on your academic life and your social life in college. How does this exercise help you to think about what to do in college?...
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This note was uploaded on 11/19/2010 for the course ECON 162 taught by Professor Christianson during the Spring '05 term at Binghamton University.
- Spring '05