I only spend time hiking (H) and sleeping (S). For every hour I hike I need three hours of sleep or that time hiking gives me no pleasure. Extra sleep (additional to that) doesn’t make me any happier.

1) Graph 2+ indifference curves

2) Write an equation that could represent the utility function

3) For that utility function, what is the marginal utility for each good?

4) What is the MRS? Do these preferences represent diminishing MRS?

Adjustment Letter: Ben & Jerry’s

In an exciting inside look, you see managers discussing six factors that determine Ben & Jerry’s continuing success. Toward the end of the video, you hear staffers discuss a new packaging material made with unbleached paper. As a socially responsible company, Ben & Jerry’s wanted to move away from ice cream packages made from bleached papers. Bleaching requires chlorine, a substance that contains dioxin, which is known to cause cancer, genetic and reproductive defects, and learning disabilities. In producing paper pulp mills using chlorine are also adding to dioxin contamination of waterways. After much research, Ben & Jerry’s found a chlorine-free, unbleached paper board for its packages, That was the good news. The bad news is that the inside of the package is now brown.

Assume you have been hired at Ben & Jerry’s to help answer incoming letters. Although you are fairly new, your boss gives you a letter from an unhappy customer. This customer opened a pint of Ben & Jerry’s “World’s Best Vanilla” and then threw it out. After seeing the brown inner lid, he decided that his pint must have been used for chocolate before it was used for vanilla. Or, he said, “The entire pint has gone bad and somehow turned the sides brown.” Whatever the reason, he wasn’t’ taking any changes. He wanted his money back.

TASK: Write a letter that explains the brown carton, justifies the reason for using it, and retains the customer’s business.

The demand curve for Widgets is given by QD = 125 + 1.5y - 25p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. An increase in the price of Widget itself will cause Group of answer choices:

movement along the demand curve.

demand increases.

demand shifts right.

demand shifts left.

Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is $10 and the rental rate (r) is $10. Calculate the amount of labor the firm would hire when it produces 300 units of output in a cost-minimizing way. (Round to the nearest 2 decimal places if necessary.)

When you simplify, show steps please. I'm very confused

At minimum, answer the following questions Administrative Services

1. What are two Joint Commission (JC) standards for this department?
2. What quality controls would be used in this department to ensure accurate documentation?
3. What are the legal implications of errors in the department?
4. How does this department interact with HIM?

*FOR ADMINISTRATIVE SERVICES*

1. Your textbook’s author speaks to the use of rich media ads. Which of those mentioned do you feel is the most important when developing an Integrated Marketing Communications (IMC) strategy? Why?
   • In addition, as you are crafting an IMC strategy, include the two most important traditional (old) media tools that might also be utilized. Why?
2. What issues are likely to affect the future of mobile advertising? Explain.

Instructions: Round your final answer and all intermediate calculations to the nearest whole number.

Use the tax table to compute the taxes of someone who has a spouse and three children, has income of $135,000, and takes the standard deduction. The standard deduction is $6,300 for a single person and $12,600 for a married couple. Exemptions are $4,000 for each person in the household.

Taxes =

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A manager is paying the sales employee 25% of sales revenue, and the sales person has a utility function u(x) = x0.5. What is the lowest fixed salary (ie., independent of sales outcome) the manager can pay the employee instead, so that the sales person is not worse off? (a.)$887 (b.)$667.7 (c.)$453.5 (d.)$246.1

3M is an innovative business. What makes the 3M company innovative as a business and personally? Is 3M a company that largely pursues sustained innovation, or would you consider them a disruptor?

1. Explain how businesses can use price elasticity of demand to make decisions about whether to raise or lower prices.

Suppose a country suddenly faces an unexpected but temporary fall in export demand so there is a temporary drop in current account, i.e. CA drops temporarily. The country has a fixed exchange rate for its currency. Use a DD-AA diagram to answer the following (you do not need to show the diagram, but you do need to write in words what happens on it).

a) Indicate any movement(s) of the curves on your diagram that can be observed as a result of this activity. Explain the reasons for the shift(s).

b) What happens to the exchange rate, E, as a result?

c) What happens to national income, Y, as a result?