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1. Organizational Behavior 8e

Model Answers to Chapter 1 Problems (1, 3, 4, 7, 10, 13, 14, 15, 16, Plus 2 Lagrange) 1. Let $X be the amount Jamal earns in a day on his job. The cost to Jamal of going to the park is then $15 (admission fee) + $5 (gas & parking) + $10 (the lost satisfaction from not working) + $X (lost salary) = $30 + $X. The benefit of going to the park is $45.

He should go to the park if his salary is $10/day, and shouldn't go if his salary is $20/day. At a salary of $15/day, he is indifferent between going and not going. It is reasonable to assume that everybody has decreasing satisfaction from each pound of food as consumption level increases. In both universities, everybody will eat until the benefit from eating an extra pound of food is equal to the marginal cost for the eater. In University A, this marginal cost is $0: the amount you pay does not depend on how much you eat. In university B, this marginal cost is higher than 0 (e.g. $2/lb): due to the refund when eating less and the extra payment when eating more.

Organizational Behavior 8e

So, at the point where any particular student would stop eating in university B, the same student would continue eating in university A. Unless students at university B have bigger appetites than those of university A, it follows that average food consumption will be higher at University A.

The only costs that vary with mileage are fuel, maintenance, and tires, which average $0.25/mile. The cost of driving will thus be.