Question: Thank you for your help, please provide explanation! QUESTION 7 1 points Save Answer Suppose that a decision maker has to decide how many miles

Thank you for your help, please provide explanation!

Thank you for your help, please provide explanation! QUESTION 7 1 points

QUESTION 7 1 points Save Answer Suppose that a decision maker has to decide how many miles to jog. The marginal benet of jogging the xth additional mile is \\/ 41' and the marginal cost of jogging the mth additional mile is 3%. How many miles will the decision maker choose to jog? (Assume that the decision maker will never jog a actional mile. That is, in deciding to jog an additional mile, the decision maker will either jog the full additional mile or not jog the additional mile at all. The decision maker would never, for instance, decide to only jog half an additional mile.) 0 0 miles U 1 mile 0 2 miles L) 3 miles 4 miles L) 5 miles

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