How Many Pints of Blackberries? The pleasure you get from each pint of freshly picked blackberries is
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How Many Pints of Blackberries? The pleasure you get from each pint of freshly picked blackberries is $2.00. It takes you 12 minutes to pick the first pint, and each additional pint takes an additional 2 minutes
(14 minutes for the second pint, 16 minutes for the third pint, and so on). The opportunity cost of your time is $0.10 per minute.
a. How many pints of blackberries should you pick?
Illustrate with a complete graph.
b. How would your answer to
(a) change if your pleasure decreased by $0.20 for each additional pint
($1.80 for the second, $1.60 for the third, and so on)? Illustrate with a complete graph.
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Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 123885
8th Edition
Authors: Arthur OSullivan ,Steven Sheffrin ,Stephen Perez
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