A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise. Is less than the marginal cost of the additional hour of swimming. Is the benefit she receives from practicing the additional hour. Is the benefit she gets from all the hours she has worked out all week. Depends on the cost of the extra hour of workout.

A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise. Is less than the marginal cost of the additional hour of swimming. Is the benefit she receives from practicing the additional hour. Is the benefit she gets from all the hours she has worked out all week. Depends on the cost of the extra hour of workout.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section1.3: Key Concepts In Economics

Problem 2ST

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