Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
ScienceForte ScienceForte
wrote...
Posts: 131
Rep: 0 0
A year ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 60 times
1 Reply
Replies
Answer verified by a subject expert
bhturnerbhturner
wrote...
Posts: 121
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ScienceForte Author
wrote...

A year ago
Brilliant
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1188 People Browsing
Related Images
  
 219
  
 267
  
 288
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741