Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kara was out jogging and, despite being tired, decided to run one more mile. Based on her actions, economists would conclude that Kara: A. was

image text in transcribed
Kara was out jogging and, despite being tired, decided to run one more mile. Based on her actions, economists would conclude that Kara: A. was not very tired, so the marginal cost of the extra mile was very low B. decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile C. must be an avid runner D. decided that the marginal cost of running one more mile would outweigh the benefit of the additional mile

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

Understanding Business

Authors: William NickelsJames McHughSusan McHugh

12th Edition

1259929434, 9781259929434

More Books

Students also viewed these Economics questions

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago