Use the following to answer question:
-(Table: Expected Exam Scores from Studying Economics and Accounting)Use Table: Expected Exam Scores from Studying Economics and Accounting.The marginal benefit in terms of your economics score of spending the first hour studying economics is _____ points.

Question

Use the following to answer question: 
-(Table: Expected Exam Scores from Studying Economics and Accounting)Use Table: Expected Exam Scores from Studying Economics and Accounting.The marginal benefit in terms of your economics score of spending the first hour studying economics is _____ points.

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from consuming one more unit of a good or service. In this context, it refers to the additional points gained on the economics score from studying for one more hour. The first hour of studying economics increases the score from 0 to 15 points, making the marginal benefit 15 points.

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