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:

Review

The process of examining something with the possibility of making changes based on the assessment.

Situation

A set of circumstances or a state of affairs at a particular time or in a particular place.

Proposed Solution

A suggested plan or method to solve a problem or address a challenge, often presented in a formal context.

Close

The final part of a communication or document that summarizes the main points or provides a conclusion.