Suppose Each Week You Must Take a Quiz in Economics

question 42

Essay

Suppose each week you must take a quiz in economics, and the quiz is marked out of 10. In the first few weeks of the semester your marks were low but each week they increased. As the semester went on, your marks started to fall progressively as you became busier with other subjects. Use this example to show the relationship between averages and marginals.

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Definitions:

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