Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You 4. A decision at the marginSuppose that Malika is a diligent third-year college student. One Friday, she decides to start the day by working through 200 sample multiple choiceproblems to study for her statistics class. She starts work at 7:00 AM and uses a table to keep track of her progress throughout the day. She noticesthat as she the hours pass, it takes her more time to solve the problems.Time7:00 AM8:00 AM9:00 AM10:00 AM11:00 AMTotal Problems Solved080140180200Use the table to answer the following questions.The marginal, or additional, gain from Malika's first hour spent working, from 7:00 AM to 8:00 AM, isThe marginal gain from Malika's third hour spent working, from 9:00 AM to 10:00 AM, isproblems.problems.The following week, Malika's statistics faculty advisor gives her some advice. In all their years of teaching they claim to observe that working on 50multiple choice questions boosts a student's test score by about the same amount as spending an hour reviewing lecture notes. For simplicity, assumestudents are able to review lecture notes at a constant pace during each hour spent studying.0 hours working on problems, 4 hours readingO 1 hour working on problems, 3 hours reading2 hours working on problems, 2 hours readingO 3 hours working on problems, 1 hour readingGiven this information, in order to use her 4 hours of time spent studying to get the highest possible test score, how many hours should she havespent solving multiple choice problems, and how many hours should she have spent reviewing lecture notes?

Opportunity cost refers to the value of the next best alternative that is foregone when making a…

Suppose that Malika is a diligent third-year college student. One Friday, she decides to start the day by working through 200 sample multiple choice problems to study for her statistics class. She starts work at 7:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she the hours pass, it takes her more time to solve the problems.

Suppose that Malika is a diligent third-year college student. One Friday, she decides to start the day by working through 200 sample multiple choice problems to study for her statistics class. She starts work at 7:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she the hours pass, it takes her more time to solve the problems.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Sub : Economics
Pls answer very fast.I ll upvote correct answer. Thank You

4. A decision at the margin
Suppose that Malika is a diligent third-year college student. One Friday, she decides to start the day by working through 200 sample multiple choice
problems to study for her statistics class. She starts work at 7:00 AM and uses a table to keep track of her progress throughout the day. She notices
that as she the hours pass, it takes her more time to solve the problems.
Time
7:00 AM
8:00 AM
9:00 AM
10:00 AM
11:00 AM
Total Problems Solved
0
80
140
180
200
Use the table to answer the following questions.
The marginal, or additional, gain from Malika's first hour spent working, from 7:00 AM to 8:00 AM, is
The marginal gain from Malika's third hour spent working, from 9:00 AM to 10:00 AM, is
problems.
problems.
The following week, Malika's statistics faculty advisor gives her some advice. In all their years of teaching they claim to observe that working on 50
multiple choice questions boosts a student's test score by about the same amount as spending an hour reviewing lecture notes. For simplicity, assume
students are able to review lecture notes at a constant pace during each hour spent studying.
0 hours working on problems, 4 hours reading
O 1 hour working on problems, 3 hours reading
2 hours working on problems, 2 hours reading
O 3 hours working on problems, 1 hour reading
Given this information, in order to use her 4 hours of time spent studying to get the highest possible test score, how many hours should she have
spent solving multiple choice problems, and how many hours should she have spent reviewing lecture notes?

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