Danny Featherweight is taking a tough course in law school.His professor agreed to give him a course grade of max{2x, 3y} where x and y are the number of answers he gets right on the first and second midterms, respectively.Danny needs a course grade of 150 to pass.He finds that for the first midterm, for every A minutes of study, he will get one more answer right.For the second midterm, for every B minutes that he studies, he will get one more answer right.If he doesn't study at all, Danny will get nothing right on either exam.All Danny cares about is passing.He doesn't want to waste any time getting a higher grade than he needs.
A) If A/B < 2/3, then Danny will not study for the second exam.
B) The ratio of the time Danny spends on exam 1 to the time he spends on exam 2 will be 2A/3B.
C) The ratio of the time Danny spends on exam 2 to the time he spends on exam 1 will be 3A/2B.
D) If A < B, then Danny will not study for the first exam.
E) Danny will spend 150/(2A +3B) minutes studying for each exam.
Correct Answer:
Verified
Q24: Harold's utility function is U(x, y)= (x
Q25: If his wage rate increases, then a
Q26: Mary Granola consumes tomatoes and nectarines.Mary's indifference
Q27: Isobel consumes positive quantities of both jam
Q28: Mary Granola consumes apples and uglifruits.Mary's indifference
Q30: Paul's utility function is min{x + 3y,
Q31: Martha's utility function is U(x, y)= min{x
Q32: The prices of goods x and y
Q33: Minnie Applesauce is shopping for a summer
Q34: Which of the following could possibly change
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents