About Hannah Wangui
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Entries by Hannah Wangui
Suppose an auto manufacturer sells cars at $10,000 per car. Marginal costs are $5,000 per car
November 27, 2020 in Questions Uploads /by Hannah WanguiSuppose an auto manufacturer sells cars at $10,000 per car. Marginal costs are $5,000 per car. The vice president in charge of sales and marketing says that one month sales with discounts of 10% typically increase sales by roughly 80% during the sale, suggesting a demand elasticity of -8. You advise her to lower her prices on […]
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John is a honours student in economics at UCLA who has to finish his dissertation within 100 days, that is, at time t = 1, t = 2, t = 3….or t = 100
November 27, 2020 in Questions Uploads /by Hannah WanguiJohn is a honours student in economics at UCLA who has to finish his dissertation within 100 days, that is, at time t = 1, t = 2, t = 3….or t = 100. It takes one day to finish the dissertation, and on the day John does so, he incurs an instantaneous disutility cost […]
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Steve is a honours student in economics who has to finish his dissertation within 100 days, that is, at time t = 1; t = 2; t = 3; :::; or t = 100
November 27, 2020 in Questions Uploads /by Hannah Wangui3. Steve is a honours student in economics who has to finish his dissertation within 100 days, that is, at time t = 1; t = 2; t = 3; :::; or t = 100. It takes one day to finish the dissertation, and on the day Steve does so, he incurs an instantaneous dis-utility […]
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