If the Marginal Benefits of Increasing Study Time Are Less

question 28

Multiple Choice

If the marginal benefits of increasing study time are less than the marginal costs,then

• A)study time should be decreased to zero.
• B)study time should be decreased.
• C)no conclusion about the relative merits of more or less study time is possible.
• D)there is too little study time.
• E)study time should be increased.

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Definitions:

Corporation

A corporation is a legal entity that is separate and distinct from its owners, authorized to act as a single entity and recognized as such in law for the purposes of conducting business, borrowing funds, suing, and being sued.

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered but not yet paid for.

Fair Value

The estimated market price of an asset or liability, based on current conditions and the willing buyer-seller principle.

Capital

The owner’s investment of equity in the company.