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DJ -1/2 77. Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are

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DJ -1/2 77. Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are B(H) = 1200 H.12 and C(H) = 200H. The corresponding formulas for marginal benefit and marginal cost are MB(H) - 600 / H" and MC(H) = 200. How many hours should you schedule the worker? A) 9 Hours B) & Hours C) 4 Hours D) 0 Hours 78. Intuitively, the marginal rate of substitution for X with Y does not tell us A) How much Y a consumer needs to compensate them for a little less X B) How much X must be taken away from a consumer to compensate them for an increase in C) How much X a consumer needs to compensate them for a little less Y D) How much more Y the consumer will buy if the price of Y increases

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