2. A decision at the margin Jake is a hard-working college sophomore. One Tuesday, he decides to work nonstop until he has answered 110 practice problems for his economics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 50 10:00 AM 80 11:00 AM 100 Noon 110   Use the table to answer the following questions. The marginal, or additional, gain from Jake’s first hour of work, from 8:00 AM to 9:00 AM, is problems.   The marginal gain from Jake’s third hour of work, from 10:00 AM to 11:00 AM, is problems.   Later, the teaching assistant for Jake’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 25 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he spend working on problems and how many should he spend reading?   0 hours working on problems, 4 hours reading     1 hour working on problems, 3 hours reading     2 hours working on problems, 2 hours reading     3 hours working on problems, 1 hour reading     4 hours working on problems, 0 hours reading

Serena and John run a business that sets up and tests computers. Assume that Serena and John can switch between setting up and testing computers at a constant rate. The following table applies. Serena John Minutes Needed to Set Up 1 Computer 48 30 Test 1 Computer ? 40 Number of Computers Set Up or Test in a 40-Hour Week Computers Set Up Computers Tested 50 80 (25 computers set up, 40 computers tested) (0 computers set up, 80 computers tested) (8 computers set up, 32 computers tested) (50 computers set up, 0 computers tested) 80 60 Refer to Table 3-7. Which of the following points would not be on Serena's production possibilities frontier, based on a 40-hour week?

Statement You can select the object to see the slope. Your score depends on the order in which you plot the points. If you plot one point incorrectly and the others correctly, you will receive partial credit for that object. You can adjust the position of the object on the graph without changing its shape by selecting it in between the marked points and moving it around the graph. Connected Points 000 0 Curves 00 0

when samsung reallocates its resources to produce 3.75 million tablets instead of 2 million tablets the opporunity cost a. 1.75 million tablet b 1.75 million phone c. 7 million phone d.7 million tablet

QUESTION 3 Read the article on “Kaalzua" to answer questions 3a, 3b and 3c Kaalzua: The modern-day furniture for the modern city dweller Source: 29 Nov 2021, Mint Kaalzua is a new-age furniture brand which designs and innovates flat pack furniture and products for the city dwellers. The Delhi based start-up offers digitally fabricated, hassle free flat pack solutions that solve the modern-day problems. They believe in a judicious balance of human expertise and smart technology. The products are prepared in such a way that they can easily be assembled without any screws, glue or welding. The le cad has moulded the digital fabrication process to accommodate different sustainable matenaastaarier than wood, like bamboo, recycled plastic etc. At present the furniture products are avang. Aôn the e-commerce platform www.kaalzua.com . The start-up has also partnered with major onlig skail stores. With this strong online presence, they plan to soon expand into experience centers e the country.…

e [due Mon] 5 Making Effective Decisions Often illustrated with a graph or a table, shows the results under different sets of assumptions. opportunity cost marginal analysis marginal thinking sensitivity analysis Save for Later JAN 18 080 MacBook Air 08 F3 DD F4 F5 F8 95

QUESTION 18 Amir and Samir run a business that sets up and tests computers. Assume that Amir and Samir can switch between setting up and testing computers at a constant rate. The following table applies: Amir Samir A. 36 B. 48 C. 60 Minutes Needed to D.64 Set Up 1 Computer 48 30 Test 1 Computer ? 40 Number of Computers Set Up or Tested in a 40-Hour Week Computers Set Up Refer to the table above. The number of minutes needed by Amir to test a computer is 50 80 Computers Tested 40 60

Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of L? Group of answer choices $60 $135 $240 $270

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