Your instructor advised you to study for at least a week before your economics test. If you ignored his advice and only studied for one hour just before the test, your studying probably has ________ total benefits and ________ marginal benefits.
A) zero; infinite.
B) high; low.
C) low; high.
D) high; high.
E) low; low.

Question

Quizplus · Accepted Answer

The total benefits of studying for only one hour is low as it is unlikely to cover all the necessary material for the test. The marginal benefits are high because any amount of studying would likely improve your performance compared to not studying at all. However, the marginal benefits would still be lower than if you had studied for at least a week, as your understanding would be less comprehensive. Therefore, the best choice is C.

Your Instructor Advised You to Study for at Least a Week