Tara Notices That Studying for One Hour After Class Increases

question 62

Multiple Choice

Tara notices that studying for one hour after class increases her economics grade by 11 points.The second hour yields a 7-point gain,the third hour yields a 4-point gain,and the fourth hour yields only a 1-point gain.This means that the marginal _____ of studying decreases with study hours.

• A)cost
• B)benefit
• C)opportunity cost
• D)time

Analyze the effects of government interventions on market outcomes.

Utilize mathematical models to derive demand functions and curves.

Understand the impact of advertising and budget changes on product demand.

Describe the functions and names of different parts of the ear.

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Definitions:

Cost Of Goods Sold

Costs directly involved in the manufacture of products a business sells, specifically labor and materials.

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding costs of goods sold.

Gross Sales

The total sales revenue of a company without any deductions for returns, allowances, or discounts.

Cost Of Goods Sold

The immediate costs associated with manufacturing the products a company markets, including materials and workforce expenses.