Question

Going skiing will cost Adam $80 a day. He also loses S40 per day in wages because he has to take time off from work. Adam sti
0 0
Add a comment Improve this question Transcribed image text
Answer #1

"A"

His decision is rational if Adam's marginal benefit of spending a day skiing is greater than his marginal cost. the answer is "A".

Add a comment
Know the answer?
Add Answer to:
Going skiing will cost Adam $80 a day. He also loses S40 per day in wages...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • John works eight hours per day. Today he has to decide whether to work overtime and...

    John works eight hours per day. Today he has to decide whether to work overtime and stay one more hour in the office, or go back home and spend that hour studying for his economics exam. His company pays him $ 70 per day if he works eight hours, and $100 per day if he works nine hours. Assuming that, if John studies one more hour, his exam score increases from 75 to 80, what is John's rational decision? John...

  • per donut is a daily cost. The cost of producing the first donut of the day...

    per donut is a daily cost. The cost of producing the first donut of the day is $5, the second donut of the day is $6 and so on. This holds for everyday Peter decides to produce. Peter is an architect who currently makes $15 a day in wages. He is considering leaving his job and opening a donut shop. The cost of producing donuts is $5 for the first donut and increases by $I for each subsequent donut produced...

  • Should Adam Smith become a homeowner? Adam Smith completed his MBA at Eastern New Mexico University...

    Should Adam Smith become a homeowner? Adam Smith completed his MBA at Eastern New Mexico University and accepted a job at Nissan North America Headquarter in Franklin, TN. Because Adam liked to have a very active social life, he decided to rent a two-bedroom condominium in downtown Nashville and commute to his job. The rent was $2,500 per month, which included parking but no utilities. Now, after one year, a similar condominium in his building has become available for sale...

  • Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are...

    Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...

  • I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...

    I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....

  • 1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the...

    1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the cost of a TAH (non-oncology) under each of the cost accounting systems? A tuboplasty? A TAH (oncology)? What accounts for the differences? Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...

  • Case 27 To Use or Not to Use? Beaufort Sea Production Company (BSPC) operates a medium-sized...

    Case 27 To Use or Not to Use? Beaufort Sea Production Company (BSPC) operates a medium-sized oil field on Alaska’s north coast. The field is still producing at its maximum rate, 325,000 barrels of oil per day (BOPD). However, to sustain this rate the company started a waterflood of the reservoir two years ago. Now a capacity bottleneck in the water disposal process is threatening to curtail production. In waterflooding, salt water from the Beaufort Sea is treated to remove...

  • My question is about the case study “ Comparing Apples and Oranges: which group yuelds the...

    My question is about the case study “ Comparing Apples and Oranges: which group yuelds the best profit?” 1) Using the Excel apreadsheet attached to complete the rooms sold and revenue projections based on the above case study. Case Study: "Comparing Apples and Oranges: Which Group Yields the Best Profit?" ​The Diamond Peak Hotel, one of 45 hotels in the Host Marriott management company, was bustling with business this Thursday afternoon as the hour of the daily revenue meeting drew...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

  •   1. When it comes to financial matters, the views of Aristotle can be stated as:...

      1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back.  2. Since 2008, when the monetary base was about $800 billion,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT