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QUESTION 19 You plan to spend Friday evening preparing for exam 1. Suppose you have 4 hours available to study for exam 1. You estimate

QUESTION 19 You plan to spend Friday evening preparing for exam 1. Suppose you have 4 hours available to study for exam 1. You estimate that the marginal benefits from the 1st, 2nd, 3rd, and 4th hours of studying are $50, $40, 30, and $20, respectively. The marginal costs in terms of stress from the 1st, the 2nd, 3rd, and the 4th hours are $10, $15, $30, and $35, respectively. Based on the marginal principle, how many hours should you study to maximize satisfaction from studying for exam 1? 1 hour. 2 hours. 3 hours. 4 hours

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