HW chap 3

Awhatisyourmarginalbenefitofrepairhourswhenh4anda100

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Unformatted text preview: best choice is: 4.0 hours. rev is ed jrl 08­08­2011 Explanation: Setting the marginal benefit equal to the marginal cost: 12. awar d: 5 out of 5.00 points You can pay to have your car repaired, or you can spend money on advertising. If you repair your car for H hours and spend A dollars advertising, your benefit (the amount you receive when you sell your car) is Both H and A are finely divisible. Instructions: Round your answers to the nearest whole number. a. What is your marginal benefit of repair hours when H = 4 and A = 100? 212 . b. What is your marginal benefit of advertising dollars at that choice? 2 . Worksheet e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 5/7 1/14/14 Assignme nt Pr int Vie w Section: Thinking on the Margin You can pay to have yo...
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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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