Max's Marginal Benefit from the Qth hour he spends skiing, expressed in dollars, is given by MB(Q)=28-Q. Every hour he spends skiing he gives up the chance to work for $23 an hour. How many hours does Max choose to ski for? Enter a number only. 5 1.22

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Max's Marginal Benefit from the Qth hour he spends skiing, expressed in dollars, is given by
MB(Q)=28-Q. Every hour he spends skiing he gives up the chance to work for $23 an hour. How
many hours does Max choose to ski for? Enter a number only.
1.22
Max's Marginal cost of the extra hour spent skiing is the wage he gives up by choosing to ski
instead, i.w. $w. He finds his optimal hours spent skiing by setting w=MB(Q) and solving for
Q.
Transcribed Image Text:Max's Marginal Benefit from the Qth hour he spends skiing, expressed in dollars, is given by MB(Q)=28-Q. Every hour he spends skiing he gives up the chance to work for $23 an hour. How many hours does Max choose to ski for? Enter a number only. 1.22 Max's Marginal cost of the extra hour spent skiing is the wage he gives up by choosing to ski instead, i.w. $w. He finds his optimal hours spent skiing by setting w=MB(Q) and solving for Q.
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