Budget of $1000 Price of Y changes! P of X = 10 10 Q of X 0 TU of X (10s) 0 100 (Average) MU of X 0 444 40 50 60 70 80 90 100 180 250 310 365 415 460 502.5 542.5 581.5 6 5.5 5 4.5 4.25 4 3.9 MU/S of X 0 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 400 Q of Y TU of Y MU of Y MU/S of Y 400 0 1 2 3 4 5 0 510 870 1195 1485 1730 0 510 360 325 290 245 0 1.275 0.9 0.8125 0.725 0.6125 The optimal consumption bundle: of X; of Y

Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?

What are diminishing marginal returns as they relate to costs?

Exercise A2 What is slope on a line graph?

Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?

Exercise D7 What does the 45-degree line show?

Concert Opportunity Cost 2 You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert?

What is die difference between accounting and economic profit?

What is deflation?

Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is this fear true? Does a high risk mean the return must be low?