Which gives you greater total utility
Question 1. Which gives you greater total utility, 12 gallons of water per day or 20 gallons per day? Why?Question 2. At which level do you get greater marginal utility, 12 gallons per day or 20 gallons per day? Why?
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Suppose that each red light delays Alice by exactly two minutes. What is the variance of Alice's commuting time?
(a) Is the manager a risk seeker, risk neutral, or risk averter? Why?
On any given morning, the number of eggs he eats is equally likely to be 1. 2, 3, 4, 5, or 6, independent of what he has done. Find the mean and variance of X.
How many papers do you expect to hand in before you receive each possible grade at least once?
Which gives you greater total utility, 12 gallons of water per day or 20 gallons per day? Why?
As technology is increasingly guiding communication methods, do you plan to keep handwriting a part of your classroom success? Why or why not?
Show that, in a second-price sealed bid auction with private values, bidders bid their true valuations of the object for auction.
If the equal sides are 6 centimeters less than twice the unequal side, what is the length of the two equal sides?
Determine the effect of these errors on retained earnings at January 1, 2016, before any adjustments.
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