Question

Suppose rick brings 16 donuts to work and has to decide how many of the 16...

Suppose rick brings 16 donuts to work and has to decide how many of the 16 to give to shane and how many to give to Miriam. Assume that together they will consume all 16 donuts and ignore fractional donuts is ricks objective is to maximize the sum of the total personal use value of donuts consumed by shane and Mirium, how should he allocate the donuts? For example, should he give 8 to each? 16 to Mirium and none to shane? Or some other combination? Propose an allocation and write a sentence or two describing what you propose as an approach

Number of Donuts Shane's       Marginal Personal Use Value Miriam's       Marginal Personal Use Value
0 $0.00 $0.00
1 $2.00 $1.50
2 $1.90 $1.45
3 $1.80 $1.40
4 $1.70 $1.35
5 $1.60 $1.30
6 $1.50 $1.25
7 $1.40 $1.20
8 $1.30 $1.15
9 $1.20 $1.10
10 $1.10 $1.05
11 $1.00 $1.00
12 $0.90 $0.95
13 $0.80 $0.90
14 $0.70 $0.85
15 $0.60 $0.80
16 $0.50 $0.75
17 $0.40 $0.70
18 $0.30 $0.65
19 $0.20 $0.60
0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Suppose rick brings 16 donuts to work and has to decide how many of the 16...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • This excel file shows Shane's and Miriam's marginal personal use value associated with a given amount...

    This excel file shows Shane's and Miriam's marginal personal use value associated with a given amount of donuts. Graph the market demand schedule for donuts, assuming that the market consists of only Shane and Miriam. Number of Donuts Shane's Marginal Personal Use Value Miriam's Marginal Personal Use Value Number of Donuts Shane's       Marginal Personal Use Value Miriam's       Marginal Personal Use Value 1 $2.00 $1.50 2 $1.90 $1.45 3 $1.80 $1.40 4 $1.70 $1.35 5 $1.60 $1.30 6 $1.50 $1.25 7...

  • Question 1 A specific gas has the following properties, Calculate molar volume (ft3) of the gas a...

    Question 1 A specific gas has the following properties, Calculate molar volume (ft3) of the gas at 52 F and 505 psi . Methane MW- 24 Te 340 R Pc 672 psia 1.30 1.20 1.10 1.00 3.00 2.50 T. - 5.00 0.90 1.60 1.40 0.80 0.70 0.60 1.20 0.95 1.10 0.40 T-1.00 0.20OR 7.0 6.0 0.10 4.0 3.0 2.0 Reduced pressure, a 1.0 Question 1 A specific gas has the following properties, Calculate molar volume (ft3) of the gas at...

  • QUESTION9 Determine the specific volume (m-/k) for ammonia at T-173.45°C and P-86.3 bar using the Note:...

    QUESTION9 Determine the specific volume (m-/k) for ammonia at T-173.45°C and P-86.3 bar using the Note: Give your answer to five decimal places generalized compressibility chart given below 1.00 B.00 6.008 Ty 5.00 3.00 00 4.0 2.00 0.90 1.60 ト080 602 A0.2.20 00 2. 1.80 1.60 -1.40 1.30 40 1.30 1.20 1.10 0.80 .0.85 1,20 0.90 ブ115. 0.70 1.00 1.10 0.90 0.95 0.80 0.60 0.70 0.50 00 0.40 0 30 00 0.1 02 0.3 0.4 0.5 Reduced pressure, pa 0.6...

  • The term "beta" refers to a measure of a stock's price volatility relative to the stock...

    The term "beta" refers to a measure of a stock's price volatility relative to the stock market as a whole. A beta of 1 means the stock's price moves exactly with the market. A beta of 1.6 means the stock's price would increase by 1.6% for an increase of 1% in the stock market. A larger beta means the stock price is more volatile. The beta values for the stocks of certain companies are shown in the following table. Company...

  • You are overseeing the carburizing of gears. You find that a batch of gears us ub a urnace and that the temperature has...

    You are overseeing the carburizing of gears. You find that a batch of gears us ub a urnace and that the temperature has been set too low by 25*c You decide to solve the problem by extending the carburization time so that an equivalent amount of diffusion takes place .11 h You are overseeing the carburization of gears. You find that a batch of gears is in a furnace and that the temperature has been set too low by 25...

  • First order Trendline for Ina R2 = 0.997 Ina 0 -1 -2 10 8 6 2...

    First order Trendline for Ina R2 = 0.997 Ina 0 -1 -2 10 8 6 2 Time (hours) n (A) M Lecure notes Po.3 5 pts each 7. In lecture, real experimental data was presented for the decomposition reaction wherein N2Os decomposed to NO2 and O2 at 30C. Use the data provided to answer the following three questions a) Assume that the order of the reaction with respect to N:Os is either 1 What is the order? Support your contention...

  • The tables below show the short-run total cost data for each of three firms (A, B,...

    The tables below show the short-run total cost data for each of three firms (A, B, C) which constitute the industry producing X, and the market demand schedule facing the industry. The firms differ in their initial fixed costs. a. compute the short-run competitive supply schedule for the industry. That is, for each price (use the prices listed for the demand schedule), indicate the amount that would be profitable to produce and supply assuming each firm behaves as a price...

  • Direct Materials Purchases Budget Romano's Frozen Pizza Inc. has determined from its production budget the following...

    Direct Materials Purchases Budget Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 16,000 23,200 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.90 lb. per unit 1.50 lbs. per unit...

  • Tw Cen M Bad Copy Format Painter Check Cell Formatting at labke IlI. The Firm: Cost...

    Tw Cen M Bad Copy Format Painter Check Cell Formatting at labke IlI. The Firm: Cost and Output Determination: Fill the red-colored cells ll-1.Assume that the size of Caroline's factery is fixed and Caroline can vary the quantity of coffee produeed only by changing the number of workers she employs This deseribes the production decisions that Careline faces in the short run. al coffee cast st fxed varbletot cost from cost Q1 bQ 0 3.00 3.00 0.00 1 3.30 3.00...

  • Direct Materials Purchases Budget Romano’s Frozen Pizza Inc. has determined from its production budget the following...

    Direct Materials Purchases Budget Romano’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 16,600 26,300 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.90 lb. per unit 1.50 lbs. per unit...

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