Suppose that the expected exam scores from studying economics for 0, 1, 2, or 3 hours are 65, 80, 90, and 95 points, respectively, while the expected exam scores for studying 0, 1, 2, or 3 hours of accounting are 50, 65, 70, and 70 points, respectively.With 3 total hours of study time, your combined scores can be maximized by spending _______ hours studying accounting.
A) 0
B) 1
C) 2
D) 3

Question

Quizplus · Accepted Answer

To maximize combined scores, allocate study hours where the marginal gain is highest. Studying economics for 3 hours yields 95 points. Studying accounting for 1 hour and economics for 2 hours yields 65 (accounting) + 90 (economics) = 155 points, which is higher than any other combination.

Suppose That the Expected Exam Scores from Studying Economics for 0