Suppose That You Are Spending Two Hours a Day Studying

question 41

Multiple Choice

Suppose that you are spending two hours a day studying economics, and your grade is 85 percent. You want a higher grade and decide to study for an extra hour a day. As a result, your grade rises to 90 percent. Your marginal benefit is the

• A) 5 point increase in your grade minus the opportunity cost to you of spending the hour studying.
• B) extra hour per day you spend on studying.
• C) three hours per day you spend on studying.
• D) 5 point increase in your grade.

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Definitions:

Aging Population

The demographic shift towards a higher proportion of older individuals in the population, often due to increased life expectancy and declining birth rates.

Cardiovascular Disease

A category of medical conditions affecting the heart or the vasculature, such as coronary artery disease, high blood pressure, heart failure, and similar disorders.

The Vast Majority

A phrase used to describe when an overwhelming proportion or most of a given group or entity shares a common characteristic.

Death Rates

The frequency of deaths in a population over a specific period, often expressed per 1000 or 100,000 individuals annually.