Microeconomics
2nd Edition
ISBN: 9780073375854
Author: B. Douglas Bernheim, Michael Whinston
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 3, Problem 1DQ
To determine
Benefit and cost of studying for final exam.
Expert Solution & Answer
Explanation of Solution
People are very conscious about the benefits and costs of doing something. The benefit of studying for exam is that students can achieve high marks and good grade. High qualifications help the students to get good, high-salary jobs.
Some of the cost incurred from studying for exam are students compromise their leisure time and entertainment and direct cost such as college admission fees, cost of study materials, exam fees, and so on.
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