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 student in this example would maximize net benefits by studying economics for _______ hours.
A) 0
B) 2
C) 4
D) 6

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 student in this example would maximize net benefits by studying economics for _______ hours.
A) 0 
B) 2 
C) 4 
D) 6

Quizplus · Accepted Answer

At 4 hours of studying economics, the marginal benefit and marginal cost are equal. This means that any additional time spent studying economics would lead to a net decrease in overall score. Therefore, the student would maximize net benefits by studying economics for 4 hours.

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