Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Becky is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 200 practice problems for her economics course. She

Becky is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 200 practice problems for her economics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.

Time Total Problems Answered
8:00 AM 0
9:00 AM 80
10:00 AM 140
11:00 AM 180
Noon 200

Use the table to answer the following questions.

The marginal, or additional, gain from Becky's second hour of work, from 9:00 AM to 10:00 AM, is

problems.

The marginal gain from Becky's fourth hour of work, from 11:00 AM to noon, is

problems.

Later, the teaching assistant in Becky's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 70 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 her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?

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

Environmental And Natural Resource Economics International Edition

Authors: Thomas H Tietenberg, Lynne Lewis

10th Edition

1292060794, 9781292060798

More Books

Students also viewed these Economics questions