Use the following to answer question(s): Marginal Benefits and Marginal Costs

-(Exhibit: Marginal Benefits and Marginal Costs) In the exhibit, more time spent studying economics adds points to economics scores but subtracts points from accounting scores.The marginal benefit of studying economics when the student is at 2 hours is _______ points and the marginal cost is _______ points.
A) 40; 0
B) 30; 10
C) 20; 20
D) 10; 30

Question

Use the following to answer question(s): Marginal Benefits and Marginal Costs
 
-(Exhibit: Marginal Benefits and Marginal Costs) In the exhibit, more time spent studying economics adds points to economics scores but subtracts points from accounting scores.The marginal benefit of studying economics when the student is at 2 hours is _______ points and the marginal cost is _______ points.
A) 40; 0 
B) 30; 10 
C) 20; 20 
D) 10; 30

Quizplus · Accepted Answer

The marginal benefit of studying economics for an additional hour when the student is at 2 hours is the increase in economics score due to that extra hour of study, which is 30 points. The marginal cost, in this context, refers to the lost points in accounting scores due to spending that additional hour on economics instead of accounting, which is 10 points.

Use the Following to Answer Question(s): Marginal Benefits and Marginal