Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 3, Problem 3P
To determine

Type of optimization in the following cases:

(a) When John derives more benefits from watching a new batman movie than from watching a new Spiderman movie.

(b) When Marcia determines net benefit 400 by travelling from a non-stop flight and a net benefit of 200 by travelling from a one-stop flight.

(c) When Nikki jogs for 3 miles thinking that 3 miles jog is better than a 2 milesand4miles jog.

(d)When Reagan’s net benefit from purchasing a queen bed is 100 and the net benefit from purchasing a king bed is 80.

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