Suppose That You Are Spending Two Hours a Day Studying

question 294

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) 5 point increase in your grade.
• D) three hours per day you spend on studying.

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Achieving the intended goals and objectives of a business, often measured by financial performance, market share, or the satisfaction level of stakeholders.