ChatterBank0 min ago
Economics Question Here.
10 Answers
The Gilberts have the following demand for badminton court time:
price/hour Quantity(hours/week)
24 1
17 2
8 3
2 4
What is the max that they are willing to pay for one hour/week, 2 hours/week, 3 hours/week and 4 hours/week?
Thanks for the help!
price/hour Quantity(hours/week)
24 1
17 2
8 3
2 4
What is the max that they are willing to pay for one hour/week, 2 hours/week, 3 hours/week and 4 hours/week?
Thanks for the help!
Answers
It's just the cumulative figures 1 hr 24 2 hrs=24+17= 41 3hrs= 41+8 = 49 4 hrs= 49+2=51
21:10 Fri 11th Mar 2016
Possibly because it isn't clear what the question was asking for. To me it looked as if it was asking for the maximum hourly rate which was already given, not the cumulative sums. Would've been easier to simply ask; what is 24 ? what is that plus 17 ? what is that plus ...
Awfully stated yet simple question. Just confusing and must be very embarrassing to whoever set it.
Awfully stated yet simple question. Just confusing and must be very embarrassing to whoever set it.
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