Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started