Suppose That You Can Schedule a Worker Up to Four

question 28

Essay

Suppose that you can schedule a worker up to four hours per day.The benefit function is given by B(H)= 500H - 22.5H² and the cost function is given by C(H)= 100 + 15H².The corresponding marginal benefit and marginal cost functions are given by MB(H)= 500 - 45H and MC(H)= 100 + 30H.What is the best choice of hours for this worker?

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The core beliefs and ethical principles that guide a company's actions and decisions.

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A measurement of the efficiency of production, often evaluated as the ratio of output to input in the production process.

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