Exhibit 1-1
-Refer to Exhibit 1-1. If the student whose study habits are illustrated here is currently studying for the 8th hour,she should
A) cut back on the number of hours she is studying because the marginal benefit of studying for the 8th hour is less than the marginal cost of doing so.
B) cut back on the number of hours she is studying because the marginal benefit of studying for the 8th greater than the marginal cost of doing so.
C) increase the number of hours she is studying because the marginal benefit of studying for the 8th hour is less than the marginal cost of doing so.
D) increase the number of hours she is studying because the marginal benefit of studying for the 8th hour is greater than the marginal cost of doing so.
Correct Answer:
Verified
Q103: Ceteris paribus means
A)one variable too many.
B)the correct
Q105: Exhibit 1-3 Q108: Exhibit 1-3 Q109: Exhibit 1-2 Q121: To an economist,utility means: Q126: By looking at the different slices of Q139: Many people buy one newspaper per day,but Q140: According to economists,competition exists because of Q152: A theory is Q160: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) additional.
B) usefulness.
C) satisfaction.
D)
A) scarcity.
B)
A) built on the major
