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Beth is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 22 practice problems for her economics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 10 16 20 22 Use the table to answer the following questions. The marginal, or additional, gain from Beth's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Beth's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant for Beth's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 8 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. O 0 hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O 4 hours working on problems, 0 hours reading Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she spend working on problems and how many should she spend reading?

Beth is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 22 practice problems for her economics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 10 16 20 22 Use the table to answer the following questions. The marginal, or additional, gain from Beth's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Beth's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant for Beth's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 8 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. O 0 hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O 4 hours working on problems, 0 hours reading Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she spend working on problems and how many should she spend reading?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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Beth is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 22 practice problems for her economics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 10 16 20 22 Use the table to answer the following questions. The marginal, or additional, gain from Beth's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Beth's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant for Beth's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 8 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. O 0 hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O 4 hours working on problems, 0 hours reading Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she spend working on problems and how many should she spend reading?
Transcribed Image Text:Beth is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 22 practice problems for her economics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 10 16 20 22 Use the table to answer the following questions. The marginal, or additional, gain from Beth's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Beth's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant for Beth's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 8 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. O 0 hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O 4 hours working on problems, 0 hours reading Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she spend working on problems and how many should she spend reading?
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