Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. A decision at the margin Sean is a hard-working college senior. One Sunday, he decides to work nonstop until he has answered 50 practice

5. A decision at the margin

Sean is a hard-working college senior. One Sunday, he decides to work nonstop until he has answered 50 practice problems for his physics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.

Time Total Problems Answered

8:00 AM 0

9:00 AM 20

10:00 AM 35

11:00 AM 45

Noon 50

Use the table to answer the following questions.

The marginal, or additional, gain from Sean's first hour of work, from 8:00 AM to 9:00 AM, is___________________ problems.

The marginal gain from Sean's third hour of work, from 10:00 AM to 11:00 AM, is ____________________________ problems.

Later, the teaching assistant in Sean's physics course gives him some advice. "Based on past experience," the teaching assistant says, "working on 17.5 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading.

Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading?

Chose the right answer

0 hours working on problems, 4 hours reading

1 hour working on problems, 3 hours reading

3 hours working on problems, 1 hour reading

4 hours working on problems, 0 hours reading

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

Capital In The Twenty-First Century

Authors: Thomas Piketty, Arthur Goldhammer

1st Edition

067443000X, 9780674430006

More Books

Students also viewed these Economics questions

Question

What is A free product or gift?

Answered: 1 week ago