Suppose that Shen is a diligent hard -working first- year college student. OneFriday, he decides to start the day byworking through 300 practice problems tostudy for the econometrics class. Using atable to track his progress throughout theday, he notices that as the hours pass,takes him longer to solve the problems.Usethe table to answer the followingquestions. Time7:00 AM8:00 AM9:00 AM10:00 AM11:00 AMUse the table to answer the following questions.Total Problems Solved0120210270300The marginal, or additional, gain from Amaia's second hour spent working, from 8:00 AM to 9:00 AM, isThe marginal gain from Amaia's fourth hour spent working, from 10:00 AM to 11:00 AM, isOThe following week, Amaia's econometrics faculty advisor gives her some advice. In all their years of teaching they claim to observe that working on45 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.OOGiven 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?0 hours working on problems, 4 hours reading2 hours working on problems, 2 hours readingproblems.3 hours working on problems, 1 hour readingproblems.4 hours working on problems, 0 hours reading

Additional gain or marginal gain is the additional unit of satisfaction that a consumer receives…

Answered: Tir 7:00

Business

Economics

Tir 7:00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that Shen is a diligent hard -
working first- year college student. One
Friday, he decides to start the day by
working through 300 practice problems to
study for the econometrics class. Using a
table to track his progress throughout the
day, he notices that as the hours pass,
takes him longer to solve the problems.Use
the table to answer the following
questions.

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