Suppose that Kyle can get an internship at an investment bank that pays him a stipend of $3,000.00. The internship also provides
1 answer:
Kyle is advised to take up the internship and leave the painting job, as the painting job will not give him tangible experience, which will be beneficial for his career.
<h3>What is internship?</h3>A program where a person can get training or expertise of a specific area or field by working under a veteran or an expert in the field, whether paid or not, is known as internship.
In the above case, Kyle's internship will pay him a stipend of $3,000 along with tangible experience, which is beneficial for his future.
In the case of painting job he makes economic profit of $3,800 after getting a salary of $4,000 and spends on supplies for $200.
However, the rational profit of Kyle will be,
Painting Job Salary (4000) – Supplies (200) – Stipend from Internship (3000)= $800
Thus, it is beneficial for Kyle to take up internship and leave his painting job. The complete question has been attached as an image for better reference.
Learn more about internships here:
#SPJ1
You might be interested in
Answer:
Suppose the cost per hour incurred in operating a cruise ship is 3a + b dollars per hour, where a and b are positive constants and v is the ship's speed in miles per hour. At what speed (in miles per hour) should the ship be operated between two ports, at a distance D miles apart, to minimize the cost? (Hint: Minimize the cost, not the cost per hour.)
<em>The speed at which the ship would maximize cost is </em>
Explanation:
The problem can be solved using differentiation to get the minimum value of the speed to travel between the two ports. Step by step calculation is contained in the attached images;
