Briefly Describe the Relationship of Class Attendance to Success in a Course

question 47

Essay

Briefly describe the relationship of class attendance to success in a course and speculate relationships of multiple factors to improving academic performance.

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Definitions:

Marginal Benefit

The extra pleasure or benefit gained from consuming an additional unit of a product or service.

Marginal Cost

The added financial burden of producing another unit of a product or service.

Efficient Price

The price at which the supply of a good matches its demand, leading to an optimal distribution of resources in a market.

Consumer Surplus

Consumer surplus represents the discrepancy between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.