A busy professor can't decide whether to stay in his office to grade papers for another hour or to go home and go to bed. This is an example of:
A)equity versus efficiency.
B)how one person's spending is another person's income.
C)economic incentives.
D)marginal analysis.

Question

Quizplus · Accepted Answer

This scenario involves weighing the marginal benefit of staying in the office to grade papers for another hour against the marginal cost of staying up late and sacrificing sleep. Through the process of marginal analysis, the professor can determine which option will provide the greatest net benefit. Therefore, the best choice is to use marginal analysis and make a decision based on the incremental costs and benefits of each option.

A Busy Professor Can't Decide Whether to Stay in His