Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When Ben plays the piano for four hours, and his grade on the math test is 85 percent. Last week, after playing for four hours,

When Ben plays the piano for four hours, and his grade on the math test is 85 percent. Last week, after playing for four hours, Ben considered playing the piano for a fifth hour. He decided to play for one additional hour and cut his study time by one hour, but his math grade fell to 75 percent. What can you conclude about Ben's marginal benefit and marginal cost of the fourth hour of playing the piano? A. The drop of 10 percentage points on a math test exceeded the marginal benefit of a fifth hour of playing the piano. B. The marginal benefit of the fourth hour of playing the piano exceeded the marginal cost of dropping 10 percentage points on a math test. C. The marginal benefit of the fourth hour of playing the piano exceeded its marginal cost. D. The marginal cost of the fourth hour of playing the piano exceeded its marginal benefit

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 Economics And Policy

Authors: Thomas H Tietenberg

5th Edition

0321348907, 9780321348906

More Books

Students also viewed these Economics questions

Question

describe the key characteristics of a theoretical model in general;

Answered: 1 week ago