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Sheree M. Johnson II
January 7, 2011
BUS302 Microeconomics
Q1 2011
Problem 2.8: How Many Pints of Blackberries? The pleasure you get from each pint of freshly picked
blackberries is $2.00. It takes you 12 minutes to pick the first pint, and each additional pint takes an
additional 2 minutes (14 minutes for the second pint, 16 minutes for the third pint, and so on). The
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Unformatted text preview: opportunity cost of your time is $0.10 per minute. a. How many pints of blackberries should you pick? Illustrate with a complete graph. b. How would your answer to (a) change if your pleasure decreased by $0.20 for each additional pint ($1.80 for the second, $1.60 for the third, and so on)? Illustrate with a complete graph....
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This note was uploaded on 01/16/2011 for the course BUS 320 taught by Professor Joecox during the Spring '10 term at Stratford.
 Spring '10
 joecox
 Microeconomics

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