Exhibit 1-1 -Refer to Exhibit 1-1.If the Student Whose Study Habits Are

question 91

Multiple Choice

Exhibit 1-1
-Refer to Exhibit 1-1.If the student whose study habits are illustrated here is currently studying for the 2nd hour she should

• A)cut back on the number of hours she is studying because the marginal benefit of studying for the 2nd hour is less than the marginal cost of doing so.
• B)cut back on the number of hours she is studying because the marginal benefit of studying for the 2nd hour is greater than the marginal cost of doing so.
• C)increase the number of hours she is studying because the marginal benefit of studying for the 2nd hour is less than the marginal cost of doing so.
• D)increase the number of hours she is studying because the marginal benefit of studying for the 2ndhour is greater than the marginal cost of doing so.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, thereby holding a portion of its equity.

Directors

Members of a company's board who are elected by shareholders to make important decisions regarding the company's management and policies.

Officers

Executive members of an organization responsible for managing its day-to-day operations and making significant business decisions.

Due Care

The level of judgment, caution, and attentiveness expected of a reasonable person.