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Title: Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 ... Post by: ScienceForte on Dec 11, 2022 Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 days.
Refer to the scenario above. If Sarah is optimizing using marginal analysis, then which of the following statements is TRUE? ▸ She will rent the hotel room for 3 days if the cost of staying for the first 2 days is less than the cost of staying for the third day. ▸ She will rent the hotel room for 3 days if the benefit of staying for the third day exceeds the benefits of staying for the first 2 days. ▸ She will rent the hotel room for 3 days if the net benefit of staying for 3 days exceeds the net benefit of staying for 2 days. ▸ She will rent the hotel room for 3 days if the benefit of staying for the third day exceeds the cost of staying for the third day. Title: Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 ... Post by: bhturner on Dec 11, 2022 Content hidden
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