Shirley has to choose between a two-day trip and a three-day trip to Hollywood. The table below shows the expected benefit and cost for the different days.
Using optimization in levels and optimization in differences, determine what Shirley's optimum decision should be. Does the decision differ with the techniques used? Which technique is faster to implement?
Day Cost Benefit
1 750 800
2 900 1,000
3 600 800
Question 2
Which of the following is true of international trade?
A) International trade reduces the total surplus enjoyed by an economy.
B) International trade benefits all participants equally.
C) International trade in services is not allowed.
D) International trade increases overall economic efficiency.
Drugs and their effect table
a) Lunge with your legs open to the table. b) Avoid lunging with your legs close to table.
How to choose the right payment plan with changing conditions (Question 4)
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