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The table shows the total benefit and total cost for a specific number of hours spent studying for ...

momoluv25

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The table shows the total benefit and total cost for a specific number of hours spent studying for ...

The table shows the total benefit and total cost for a specific number of hours spent studying for your economics exam. The benefit of studying extra hours is equal to the knowledge gained and the cost is the careless errors made due to lack of sleep.

Hours Studying	Total Benefit	Total Cost
0	0	0
1	11	1
2	19	4
3	24	10
4	26	19
5	27	31

What is the marginal benefit and marginal cost of the 4th hour of study?

▸ 9, 2

▸ 2, 9

▸ 26, 19

▸ 1, 12

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 58 times

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strawberry8971

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momoluv25 Author

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this is exactly what I needed

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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