If the Marginal Benefits of Increasing Study Time Are Less

question 28

Multiple Choice

If the marginal benefits of increasing study time are less than the marginal costs,then

• A)study time should be decreased to zero.
• B)study time should be decreased.
• C)no conclusion about the relative merits of more or less study time is possible.
• D)there is too little study time.
• E)study time should be increased.

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Definitions:

Direct Materials Cost

The cost of raw materials used to produce a product, which are directly attributable to the product.

Direct Labor-Hours

The combined working hours of employees directly contributing to the manufacturing cycle.

Direct Materials Cost

The cost of raw materials directly used in the production of goods or services.

Overhead Cost

All ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and salaries of non-production staff.