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In the table below we have Luke's benefits and costs for each number of hours: HOURS BENEFITS COSTS 1 10 7 2 13 8 3
In the table below we have Luke's benefits and costs for each number of hours:
| HOURS | BENEFITS | COSTS |
| 1 | 10 | 7 |
| 2 | 13 | 8 |
| 3 | 15 | 10 |
| 4 | 12 | 14 |
What is Luke's marginal benefit and marginal cost of studying 3 hours instead of 2?
b. How many hours should he study? Explain
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
