Simone is a hard-working college junior. One Thursday, she decides to work nonstop until she has answered 66 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 Total Problems Answered 8:00 AM 9:00 AM 30 10:00 AM 48 11:00 AM 60 Noon 66 Use the table to answer the following questions. The marginal, or additional, gain from Simone's first hour of work, from 8:00 AM to 9:00 AM, is | problems. The marginal gain from Simone's third hour of work, from 10:00 AM to 11:00 AM, is| problems. Later, the teaching assistant for Simone's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 9 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. 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? O O 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, o hours reading
Simone is a hard-working college junior. One Thursday, she decides to work nonstop until she has answered 66 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 Total Problems Answered 8:00 AM 9:00 AM 30 10:00 AM 48 11:00 AM 60 Noon 66 Use the table to answer the following questions. The marginal, or additional, gain from Simone's first hour of work, from 8:00 AM to 9:00 AM, is | problems. The marginal gain from Simone's third hour of work, from 10:00 AM to 11:00 AM, is| problems. Later, the teaching assistant for Simone's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 9 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. 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? O O 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, o hours reading
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...
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Transcribed Image Text:Simone is a hard-working college junior. One Thursday, she decides to work nonstop until she has answered 66 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
Total Problems Answered
8:00 AM
9:00 AM
30
10:00 AM
48
11:00 AM
60
Noon
66
Use the table to answer the following questions.
The marginal, or additional, gain from Simone's first hour of work, from 8:00 AM to 9:00 AM, is
problems.
The marginal gain from Simone's third hour of work, from 10:00 AM to 11:00 AM, is
problems.
Later, the teaching assistant for Simone's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working
on 9 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.
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?
O O 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
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