EBK MICROECONOMICS
12th Edition
ISBN: 8220100659454
Author: PARKIN
Publisher: PEARSON
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Chapter 10, Problem 14APA
To determine
An economically efficient method.
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Ginny is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
Time
Total Problems Answered
8:00 AM
0
9:00 AM
60
10:00 AM
105
11:00 AM
135
Noon
150
Use the table to answer the following questions.
The marginal, or additional, gain from Ginny’s second hour of work, from 9:00 AM to 10:00 AM, is
problems.
The marginal gain from Ginny’s fourth hour of work, from 11:00 AM to noon, is
problems.
Later, the teaching assistant in Ginny’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 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…
Eleanor is a hard-working college junior. One Tuesday, she decides to work nonstop until she has answered 100 practice problems for her physics
course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her
longer to solve each problem.
Time
8:00 AM
9:00 AM
10:00 AM
11:00 AM
Noon
Total Problems Answered
0
40
70
90
100
Use the table to answer the following questions.
The marginal, or additional, gain from Eleanor's first hour of work, from 8:00 AM to 9:00 AM, is
The marginal gain from Eleanor's third hour of work, from 10:00 AM to 11:00 AM, is[
Later, the teaching assistant in Eleanor's physics course gives her 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.…
6. Elasticity and total revenue I
The following graph shows the daily demand curve for bippitybops in Vancouver.
On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand
curve. Notice that when you click on the rectangle, the area is displayed.
Note: You will not be scored on any changes made to this graph.
PRICE (Dollars per bippitybop)
240
220
200
180
160
140
120
100
80
60
40
20
0
0
6
12
**
+
48
B
18 24 30 36
QUANTITY (Bippitybops per day)
Demand
54 80
72
Total Revenue
?
Chapter 10 Solutions
EBK MICROECONOMICS
Ch. 10.1 - Prob. 1RQCh. 10.1 - Prob. 2RQCh. 10.1 - Prob. 3RQCh. 10.1 - Prob. 4RQCh. 10.1 - Prob. 5RQCh. 10.2 - Prob. 1RQCh. 10.2 - Prob. 2RQCh. 10.2 - Prob. 3RQCh. 10.2 - Prob. 4RQCh. 10.3 - Prob. 1RQ
Ch. 10.3 - Prob. 2RQCh. 10.3 - Prob. 3RQCh. 10.4 - Prob. 1RQCh. 10.4 - Prob. 2RQCh. 10.4 - Prob. 3RQCh. 10.4 - Prob. 4RQCh. 10.5 - Prob. 1RQCh. 10.5 - Prob. 2RQCh. 10.5 - Prob. 3RQCh. 10 - Prob. 1SPACh. 10 - Prob. 2SPACh. 10 - Prob. 3SPACh. 10 - Prob. 4SPACh. 10 - Prob. 5SPACh. 10 - Prob. 6SPACh. 10 - Prob. 7SPACh. 10 - Prob. 8APACh. 10 - Prob. 9APACh. 10 - Prob. 10APACh. 10 - Prob. 11APACh. 10 - Prob. 12APACh. 10 - Prob. 13APACh. 10 - Prob. 14APACh. 10 - Prob. 15APACh. 10 - Prob. 16APACh. 10 - Prob. 17APACh. 10 - Prob. 18APACh. 10 - Prob. 19APACh. 10 - Prob. 20APACh. 10 - Prob. 21APACh. 10 - Prob. 22APACh. 10 - Prob. 23APA
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