-Figure 3.2 shows the total cost and total benefit curves for a professional guitarist.If the guitarist is currently practicing 7 hours per day,then
A) They should practice more because net benefits would increase
B) They should practice less because net benefits would decrease
C) They should practice less because net benefits would increase
D) They should practice more because net benefits would decrease

Question

-Figure 3.2 shows the total cost and total benefit curves for a professional guitarist.If the guitarist is currently practicing 7 hours per day,then
A) They should practice more because net benefits would increase 
B) They should practice less because net benefits would decrease 
C) They should practice less because net benefits would increase 
D) They should practice more because net benefits would decrease

Quizplus · Accepted Answer

The optimal point of practice is where the total benefit curve is above the total cost curve, maximizing net benefits. If practicing 7 hours per day is beyond this optimal point, reducing practice hours would decrease costs more than benefits, thus increasing net benefits.

-Figure 32 Shows the Total Cost and Total Benefit Curves for for a Professional