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Author Question: Slope is calculated as rise / run. Indicate whether the statement is true or ... (Read 74 times)

j.rubin

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on: Jun 30, 2018
Slope is calculated as rise / run.
 
  Indicate whether the statement is true or false

Question 2

What is meant by the term marginal analysis? Suppose an individual has to choose between renting four apartments at different distances from his place of work.
 
  The individual has to commute to work on five days of the week and as such will require different quantities of gasoline depending on the apartment he decides to rent. The monthly rents and expected gasoline consumption from each of the apartments is shown in the table below. If the price of gasoline is 5 per gallon, using marginal analysis, determine the optimum choice for the individual. Which principal is used for this optimization? What does it state?
 
  Apartment Gasoline Consumption (gallons per month) Rent ( per month)
  1 5 1,100
  2 10 1,000
  3 15 960
  4 20 940
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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jackie

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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j.rubin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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