HW chap 3

Thecostsincludethevalueoftheforgonealternativeswhileyo

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Unformatted text preview: A, the ability to take a course for which this one is a prerequisite, and the value of being closer to graduation requirements. The costs include the value of the forgone alternatives while you study such as studying for other classes, working, or engaging in some alternate activity. e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 1/7 1/14/14 5. Assignme nt Pr int Vie w awar d: 5 out of 5.00 points Suppose you undertake an activity x. Total benefit from x can be expressed by the equation: The total cost of x can be expressed by the equation: What is the level of x that will maximize your net benefit (that is, total benefit minus total cost)? Instructions: Round your answer to 2 decimal places. The level of x that will maximize your net benefit is 6. 25 . Worksheet Section: Maximizing Benefits Less Costs Suppose...
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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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