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

-(Exhibit: Marginal Benefits and Marginal Costs) The marginal benefit of studying economics when the student is at 4 hours is _______ points and the marginal cost is ________ points.
A) 30; 30
B) 20; 10
C) 20; 20
D) 30; 10

Question

Use the following to answer question(s): Marginal Benefits and Marginal Costs
 
-(Exhibit: Marginal Benefits and Marginal Costs) The marginal benefit of studying economics when the student is at 4 hours is _______ points and the marginal cost is ________ points.
A) 30; 30 
B) 20; 10 
C) 20; 20 
D) 30; 10

Quizplus · Accepted Answer

At 4 hours of studying economics, the marginal benefit is 20 points and marginal cost is also 20 points. Therefore, the best choice(s) would be to continue studying economics for another hour.

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