Randolph is taking three courses this semester: economics, statistics, and finance. He has decided to spend 20 hours per week studying (in addition to attending all his classes) and his objective is to maximize his average grade, which means maximizing the total of his grades in the three courses. The table shows Randolph's estimate of the relation between time spend studying and his grade for each course.
Based on the above info, how should Randolph allocate his time?
A. 7 hours economics, 6 hours statistics, 5 hours finance
B. 7 hours economics, 7 hours statistics, 6 hours finance
C. 6 hours economics, 5 hours statistics, 7 hours finance
D. 6 hours economics, 6 hours statistics, 8 hours finance
Answer: B
You might also like to view...
In the Stackelberg model,
A. one firm plays a leadership role and its rivals merely react to the leader's quantity. B. each firm takes the quantities produced by its rivals as given. C. prices are higher and quantities are slightly less than we would see if the firms colluded to achieve the monopoly outcome. D. each firm takes the prices charged by its rivals as given.
Refer to the given information. If the real interest rate is 5 percent, what amount of investment will be undertaken?
Answer the question on the basis of the following information for a private closed economy. Assume that for the entire business sector of the economy there is $0 worth of investment projects that will yield an expected rate of return of 25 percent or more. But there are $15 worth of investments that will yield an expected rate of return of 20-25 percent; another $15 with an expected rate of return of 15-20 percent; and similarly an additional $15 of investment projects in each successive rate of return range down to and including the 0-5 percent range. A. $15. B. $30. C. $45. D. $60.
Refer to the figure above. If John spends his entire income on tables, how many tables can he purchase?
A) 8 B) 10 C) 30 D) 40
English mercantilism recognized the law of comparative advantage, thus permitting individuals to specialize in producing those goods and services which they could produce at relatively low opportunity costs and trading those items for those which
they could not. Indicate whether the statement is true or false