Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1- A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise Select one: A.

1- A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise

Select one:

A. is less than the marginal cost of the additional hour of swimming.

B. is the benefit she gets from all the hours she has worked out all week.

C. depends on the cost of the extra hour of workout.

D. is the benefit she receives from practicing the additional hour.

2- A key principle of economics is that people respond to incentives. An incentive

Select one:

A. is the opposite of a tradeoff.

B. could be either a reward or a penalty.

C. could be a reward but could not be a penalty.

D. could be a penalty but could not be a reward.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Strategy

Authors: Mike W. Peng

5th Edition

9780357512364

Students also viewed these Economics questions