Suppose That for the Past Two Months, You Have Studied

question 253

Multiple Choice

Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months

• A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit.
• B) the marginal cost of studying economics must have fallen.
• C) your marginal benefit from studying economics an hour must have been greater than its marginal cost.
• D) the opportunity cost of studying economics must have risen.

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Definitions:

Grandparent

An individual's parent's parent, who may have a significant role in family structures and child-rearing practices.

Caregivers

Individuals who provide care for someone who is ill, elderly, or unable to perform everyday activities independently.

Lifespans

Describes the various lengths of life that different organisms are expected to live; emphasizes the biological and environmental factors affecting these durations.

Society

Society refers to a group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.