Calculate the CPR and SMM using the 175% PSA schedule for months t=1 through t=30. Display your results in a table below with four columns labeled, from left to right, t, PSA, CPR, SMM. You can use an Excel spreadsheet to calculate this for the homework, but be sure you know how to perform this calculation manually for the exam on chapters 7 & 8.

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.