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bmh12e bmh12e
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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. Which of the following is TRUE if Sarah is optimizing using total value?

▸ She will rent the hotel room for 3 days if the net benefit of staying for the third day is negative.

▸ 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 cost of staying for 2 days exceeds the cost of staying for 3 days.

▸ She will rent the hotel room for 3 days if the total benefit of staying for 3 days exceeds the total benefits of staying for 2 days.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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goodone14goodone14
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A year ago
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bmh12e Author
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A year ago
Thank you, thank you, thank you!
TAT1238
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Yesterday
Good timing, thanks!
kc123
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2 hours ago
Just got PERFECT on my quiz
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