You are planning to study eight hours this week for your economics final and are considering studying a ninth hour.You should:
A)compare the benefits of one more hour of study with the cost of one less hour of sleep.
B)compare the benefits of one more hour of study with the cost of one less hour of studying calculus.
C)compare the benefits of one more hour of study with the cost of one less hour of work at your part-time job.
D)make your decision based on the cost of the next best alternative use of your time compared to the benefit of one more hour of study.

Question

Quizplus · Accepted Answer

The best choice is to make the decision based on the cost of the next best alternative use of your time compared to the benefit of one more hour of study. This means weighing the benefits of studying an extra hour against what else you could be doing during that time, such as working, sleeping, or studying for another class. Comparing the benefits and costs of these alternatives will help you make an informed decision about whether or not to study for an extra hour.

You Are Planning to Study Eight Hours This Week for Your