Based on information in the table above, the optimal number of wands for Tom to buy is:
Question:
Based on information in the table above, the optimal number of wands for Tom to buy is:
a. 1
b. 2
c. 4
d. 5
e. More than 7
Transcribed Image Text:
Total number of Wands 1 2 3 4 Total Benefit ($) 1,800 3,300 4,500 5,400 Total Cost ($) 500 1,000 1,500 2,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
To determine the optimal number of wands for Tom to buy we need to calculate the net benefit for eac...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
Question Posted:
Students also viewed these Business questions
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
The following information was taken from Starbucks Corporations 2011 and 2012 Form 10-Ks. Required a. Explain whether each line of information in the table above would best be described as being...
-
Assuming that R is the collection of all real numbers, the function f: R->R is defined as f(x) = e(-x-2). Show that f is continuously distributed on R.
-
Use a calculator to evaluate an ordinary annuity formula \[A=m\left[\frac{\left(1+\frac{r}{n}ight)^{n t}-1}{\frac{r}{n}}ight]\] for \(m, r\), and \(t\) (respectively) given in Problems 7-22. Assume...
-
Is the corporate tax schedule progressive? Why or why not?
-
Martin Battle runs a business and maintains a petty cash book using the imprest system. The cash float is 150. For June 2020 his petty cash transactions were as below: Required: (a) Write up the...
-
You are a CPA engaged in an examination of the financial statements of Pate Corporation for the year ended December 31, 19X3. The financial statements and records of Pate Corporation have not been...
-
1. How does Pojman link ethnocentrism to relativism? 2. How does Pojman explain the way that the diversity thesis and the dependency thesis lead to relativism? 3. According to Pojman, what sorts of...
-
Do you agree with these statement? 1-In the time after the "Lost Decades," Japan underwent dynamic changes in response to internal and external negative events including international issues with the...
-
Use a graph to demonstrate how a country's PPF will shift if additional resources become available to the country.
-
Based on the table above, the marginal cost of the fourth wand for Tom is: a. $5,000 b. $3,500 c. $3,400 d. $2,000 e. $500 Total number of Wands 1 2 3 4 Total Benefit ($) 1,800 3,300 4,500 5,400...
-
What is intelligence?
-
Greg is thinking of a number, n and he wants his sister to guess the number. His first clue is that 3 less than 2 times his number is at least 5 and at most 7. Write and solve a compound inequality...
-
1.Given examples of integers and rational numbers, students will identify and label a s et of 10 numbers, integers, and rational numbers with 85% accuracy. 2. Given the peer-partner grouping,...
-
Regression analysis is often used to make inferences about future outcomes of some process of state of the world. As an example, a school board working on planning staffing requirements may wish to...
-
10.4. Solution of the Black-Scholes PDE. Use the Gaussian integration by parts for- mula E[F'(Z)] = E[ZF(Z)], where Z is a standard Gaussian variable, to prove that the function f(t, x) in equa- tion...
-
Using the pledge levels and proportions from Project 6. Use the following pessimistic, base, and optimistic scenarios: Pessimistic (with a 15% chance) is 319 backers, Base (with a 70% chance) is 781...
-
Many cereals are made with high moisture content so that the cereal can be formed into various shapes before it is dried. A cereal product containing 58% H 2 O by mass is produced at the rate of 1000...
-
H Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 6 years left to maturity but could be called after three years for $1000 plus a call...
-
How do you think a furniture manufacturers buying habits and practices would be affected by the specific type of product to be purchased? Consider fabric for upholstered furniture, a lathe for the...
-
Discuss the importance of target marketing when analyzing organizational markets. How easy is it to isolate homogeneous market segments in these markets?
-
Explain how NAICS codes might be helpful in evaluating and understanding business ma r kets. Give an example.
-
Two long, straight, parallel wires are 10.0 cm apart and carry 4.20 A currents in the same direction (see (Figure 1)). Part A Find the direction of the magnetic field at point P, midway between the...
-
Required: Martinez Corp's Income statement for the year ended December 31, 2023, had the following condensed information: Service revenue Operating expenses (excluding depreciation) $488,000...
-
The denonimator of a certain fraction is three times the numerator. If two is added to the numerator and subtracted from the denominator, the result is. Find the original fraction.
Study smarter with the SolutionInn App