HW chap 3

0hours rev is ed jrl 08082011 worksheet

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Unformatted text preview: 935 The best solution is one at which net benefits are maximized. The answer is 4 hours because the net benefit is the highest. 10. awar d: 4 out of 4.00 points Suppose you can hire your mechanic for up to six hours. The total benefit function is: The total cost function is: The corresponding formula for marginal benefit is: The formula for marginal cost is: Your best choice is: 4.0 hours. rev is ed jrl 08­08­2011 Worksheet Section: Thinking on the Margin Suppose you can hire your mechanic for up to six hours. The total benefit function is: e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 4/7 1/14/14 Assignme nt Pr int Vie w The total cost function is: The corresponding formula for marginal benefit is: The formula for marginal cost is: Your...
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This note was uploaded on 01/14/2014 for the course ECO 3352 taught by Professor Ax during the Fall '13 term at Troy.

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