Suppose that in addition to repairing your car, you can also spend money advertising. If you repair
Question:
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for H hours and buy A column inches of ads in the local paper, your benefit (the amount you receive when you sell your car) is B(H, A) = 400H -10H2 + 200A2+ 10AH, where H and A are finely divisible. What is your marginal benefit of repair work when H = 5 and A = 4? What is your marginal benefit of advertising at that choice? How does an increase in advertising affect the marginal benefit of repair work? Can you think of a reason that might be true?
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The marginal benefit of repair work is 340 The marginal benefit of advertising is 21...View the full answer
Answered By
Mohammad Suleman Quraishi
I have submitted Ph. D. in Mathematics to University of Lucknow, Lucknow, Uttar Pradesh, India. I did my masters from same University in 2010. I have been teaching Mathematics since 2010, i have ten years of experience in the field of teaching. I want to remove phobia from Maths. I have taught more than 1000 students in the field of Engineering and Science. I have taught different Mathematics courses of all boards. I teach from level zero. First i clear basics of related topic then proceed next. Mathematics topics are sometime behaves like a chain, every next topic is related to pervious topics. So pervious topic should be clear. If anyone does not know previous topics then I teach first the previous topic then next topics.