Suppose That You Are Spending Two Hours a Day Studying

question 158

Multiple Choice

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

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

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Definitions:

Retain Job

The ability or action of maintaining one's position of employment.

Argumentum Ad Hominem

A logical fallacy where the argument is directed against a person's character rather than addressing the issue at hand.

Guilt by Association

The concept of assigning blame to an individual based on their associations or relationships rather than direct evidence of wrongdoing.

Begging the Question

A logical fallacy where the argument assumes the truth of the conclusion rather than providing evidence for it.