Suppose that you have 6 hours per day to devote to studying economics and accounting. You estimate
Question:
Suppose that you have 6 hours per day to devote to studying economics and accounting. You estimate your benefits of studying for each subject as follows:
What is the best way for you to divide up your study time in order to maximize your grades in both classes?
Transcribed Image Text:
Hours Expected Studying Score on Econom- Econom- ics Per Day ics Exam 0 44 1 62 2 76 3 86 4 94 5 100 6 100 Marginal Benefit of Studying Economics (increase in economics score) 18 14 10 8 6 0 Hours Expected Studying Score on Account- Account- ing Per Day ing Exam 0 1 2 3 4 5 6 70 80 88 94 96 96 96 Marginal Benefit of Studying Accounting (increase in accounting score) 10 8 6 2 0 0
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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