Business, 12.03.2020 20:19 krog79

Suppose the City of Berkeley decides to grant allocations of water from Strawberry Creek according to the appropriative doctrine. Next, due to significant administrative burdens, suppose only two individuals decide to apply for water allocations: Tom [Bates is the more senior user, and Nicholas [Dirks is the more junior user. Further, suppose the annual water flow in Strawberry Creek follows a uniform distribution from 0 to 100 acre-feet per year. Tom's profits as a function of water use A are: πΤ(A) 5000 In(A), and Nicholas, profits as a function of water use are: πN(A)-12000 In(A). Both Tom and Nicholas share the same cost function of water diversion capacity: C(A) 5A2 1000. Finally, both Tom and Nicholas are risk neutral Hint: recall the quadratic formula for a quadratic equation of the form ax2bc: - 4ac (a) Draw graphs of both the PDF (g(-)) and CDF (G(-)) of Strawberry Creek's annual flow. Be precise with vour axes (b) How much water diversion capacity does Tom build? (c) How much water diversion capacity does Nicholas build?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 13:10

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?

Answers: 2

Answer

Business, 22.06.2019 14:50

Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?

Answers: 3

Answer

Business, 22.06.2019 15:10

Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions

Answers: 3

Answer

Business, 22.06.2019 18:20

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.

Answers: 3

Answer

You know the right answer?

Suppose the City of Berkeley decides to grant allocations of water from Strawberry Creek according t...

Questions

Engineering, 02.02.2021 17:50

What are 10 different products that help with attention span?...