None Suppose that Dmitri is a diligent hard-working fourth-yearcollege student. One Sunday, he decides to start the day byworking through 150 practice problems to study for theeconometrics class. Using a table to track his progressthroughout the day, he notices that as the hours pass, it takeshim longer to solve the problems.

To understand how Dmitri's performance changes over time, he can use a simple table to track the…

Answered: Suppose that Dmitri is a diligent…

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 2CQ

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WHY BARTLEBY IS TAKING MORE THAN 2 DAYS TO ANSWER ONLY ONE QUESTIONS. FOR THE LAST 2 WEEKS YOU ARE DOING THE SAMETHING TAKING FEWS DAYS TO ANSWER ONLY ONE, IF I INCLUDE 2 QUESTIONS, WHEN IT TAKES TO MUCH TIME AND I'M THINKING THAT MIGHT BE ANSWERING BOTH QUESTIONS BECAUSE OF THE TIME, WHEN IT SAYS THAT THEY ANSWER THE FIRST QUESTIONS. I'M GETTING FRUSTADED WITH BARTLEBY.
Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
We have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?
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Sean is a hard-working college freshman. One Thursday, he decides to work nonstop until he has answered 88 practice problems for his physics 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 40 10:00 AM 64 11:00 AM 80 Noon 88 Use the table to answer the following questions. The marginal, or additional, gain from Sean’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Sean’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant for Sean’s physics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 12 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…
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