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Suppose that you can schedule a worker up to four hours per day. The benefit function is given by B(H) = 500H - 22.5H2 and the cost function is given...

Suppose that you can schedule a worker up to four hours per day. The benefit
function is given by B(H) = 500H - 22.5H2 and the cost function is given by C(H) = 100 +
15H2. The corresponding marginal benefit and marginal cost functions are given by MB(H) =
500 - 45H and MC(H) = 100 + 30H. What is the best choice of hours for this worker?
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Q Suppose that you can schedule a worker up to four hours per day. The benefit
function is given by B(H) = 500H - 22.5H2 and the cost function is given by C(H) = 100H +
15H2. The corresponding...

Sign up to view the full answer

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