Question: A decision at the margin Becky is a hard - working college freshman. One Tuesday, she decides to work nonstop until she has answered 1

A decision at the margin
Becky is a hard-working college freshman. One Tuesday, she decides to work nonstop until she has answered 100 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
\table[[Time,Total Problems Answered],[8:00 AM,0],[9:00 AM,40],[10:00 AM,70],[11:00 AM,90],[Noon,100]]
Use the table to answer the following questions.
The marginal, or additional, benefit from Becky's first hour of work, from 8:00 AM to 9:00 AM, is problems.
The marginal benefit from Becky's third hour of work, from 10:00 AM to 11:00 AM, is problems.
Later, the teaching assistant in Becky's math course gives her some advice. "Based on past experience," the teaching assistant says, "working on 15 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?
0 hours working on problems, 4 hours reading
1 hour working on problems, 3 hours reading
2 hours working on problems, 2 hours reading
3 hours working on problems, 1 hour reading
A decision at the margin Becky is a hard -

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!