Question: C. Maximization, using marginal analysis Another way that you may come up with the best alternative is to use a method economists call marginal analysis.

C. Maximization, using marginal analysis Another way that you may come up with the best alternative is to use a method economists call marginal analysis. To an economist the mugginol unit is the unit of change, or extra unit. 80, in this case one more hour of study is the marginal unit of studying, and the score that one hour of study generates in the marginal score. For example, the sixth hour of studying moves your score from 83 to 91 for a marginal increase in your score of 8. Complete the tables below. Economics Mathematics Marginal Marginal Hours Scores Increase Hours Scores Increase 0 0 ------ 0 0 ------ 1 26 26 1 24 24 2 48 22 2 44 20 3 61 3 62 _ 4 73 4 75 _ 5 83 5 84 _ 6 91 6 9 1 _ 7 97 7 96 _ 8 100 8 100
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
