Question: Attempts Keep the Highest / 3 4. A decision at the margin Caroline is a hard-working college junior. One Tuesday, she decides to work nonstop

Attempts Keep the Highest / 3 4. A decision at the margin Caroline is a hard-working college junior. One Tuesday, she decides to work nonstop until she has answered 200 practice problems for her economics 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. Time Total Problems Answered 8:00 AM 9:00 AM 80 10:00 AM 140 11:00 AM 180 Noon 200 Use the table to answer the following questions. The marginal, or additional, gain from Caroline's first hour of work, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Caroline's third hour of work, from 10:00 AM to 11:00 AM, is problems. Later, the teaching assistant in Caroline's economics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 50 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 O 2 hours working on problems, 2 hours reading 4 hours working on problems, 0 hours reading
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
