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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Definitions:

Suburbanism

The lifestyle and culture associated with living in suburban areas, often characterized by single-family homes, community-oriented activities, and commuter patterns.

Rural City

A small city or town located in a countryside area, often characterized by lesser population density and more agricultural activities.

Urban City

A densely populated area characterized by significant infrastructural development and a high concentration of buildings and services.

Corporate City

A city characterized by significant influence or control by corporations, often with implications for urban development and governance.