Refer to the figure below. If VMPmkt can be characterized by the equation VMPmkt = 50 - 2Hmkt, where Hmkt is the number of hours worked in the market, and VMPhome can be characterized by the equation VMPhome = 45 - 3Hhome, where Hhome is the number of hours worked at home, what is H* if there are a total of 40 hours to be worked between work and home?

Question

Refer to the figure below. If VMPmkt can be characterized by the equation VMPmkt = 50 - 2Hmkt, where Hmkt is the number of hours worked in the market, and VMPhome can be characterized by the equation VMPhome = 45 - 3Hhome, where Hhome is the number of hours worked at home, what is H* if there are a total of 40 hours to be worked between work and home?
Refer to the figure below. If VMPmkt can be characterized by the equation VMPmkt = 50 - 2Hmkt, where Hmkt is the number of hours worked in the market, and VMPhome can be characterized by the equation VMPhome = 45 - 3Hhome, where Hhome is the number of hours worked at home, what is H* if there are a total of 40 hours to be worked between work and home?

Quizplus · Accepted Answer

The Answer of Refer to the figure below. If VMPmkt can be characterized by the equation VMPmkt = 50 - 2Hmkt, where Hmkt is the number of hours worked in the market, and VMPhome can be characterized by the equation VMPhome = 45 - 3Hhome, where Hhome is the number of hours worked at home, what is H* if there are a total of 40 hours to be worked between work and home?

Refer to the Figure Below