--%>
Assignment Help - homework help

Consumer Equilibrium-Utility Maximization

Assume that you are an avid golfer and profit $36 worth of pleasure from the first golf hole played on any specific day, however the additional pleasure you profit from playing succeeding holes falls by $2 per extra hole. The $40 greens fee is needed to begin golfing however you can then play as many holes as you like with no extra fees. On days whenever you play golf, you will generally play: (1) 9 holes per day. (2) 12 holes per day. (3) 18 holes per day. (4) 36 holes per day. (e) 24 holes per day.

What is the right answer?

   Related Questions in Microeconomics

  • Q : Explain who is arbitrageur One who buys

    One who buys gold into London and after that sells that instantly in Boston for a higher price is: (1) monopolist. (2) capitalist. (3) speculator. (4) auctioneer. (5) arbitrageur. Can anybody suggest me the proper explanation for g

    		•
  • Q : Price elasticity and market power The

    The price elasticity of demand equals one when this firm produces where total revenue is: (i) $72,000 per period. (ii) $80,000 per period. (iii) $96,000 per period. (iv) $100,000 per period. (v) $144,000 per period.

    Q : Inflation premium Describe the term

    Describe the term Inflation premium and how it is the prospect of future inflation?

    		•
  • Q : Discrimination and Income Differentials

    By 2000, the differential among the rich and the poor which can be attributed to economic discrimination was computed at: (w) approximately 60 percent. (x) approximately 30 percent. (y) under 10 percent. (z) zero.

  • Q : Price elasticity for quantities and

    Suppose that all these curves are infinitely long straight lines. There supply curve which is relatively (although not perfectly) price elastic for all quantities and prices is: (1) supply curve S1. (2) supply curve S2. (3) suppl

    		•
  • Q : Effect of prices declining in

    Can someone please help me in finding out the precise answer from the following question. Americans would start cultivating bigger, greener lawns when the: (i) Prices of the fertilizer and water declined. (ii) Government imposed stricter safety standards for the lawn

    		•
  • Q : What supply curve illustrates What

    What supply curve illustrates?

    		•
  • Q : Normal accounting profit with zero

    Accounting profits are normal along with zero economic profits while there is: (1) monopoly power which has not yet been capitalized. (2) unpredicted short run surges within demand for a good. (3) uncertainty therefore unpredictable e

    		•
  • Q : Demand curve at the current market price

    The demand curve faced through a purely competitive firm at the current market price of: (i) negatively sloped. (ii) horizontal. (iii) perfectly inelastic. (iv) rectangularly hyperbolic. (v) positively sloped.

    Q : Purely competitive model for analyzing

    The purely competitive model: (w) is characteristic of many actual U.S. market structures. (x) analyzes a type of economy which is now extinct. (y) is a helpful abstraction from actuality for analyzing firms’ behavior. (z) proves which modern ca

    		•