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Assigned Mada Question Hep Text Problem 9 fooall gume wmorming and he neds to dedide how many hoors to practice The benuEts cen shows how many more points he epects to m becuse o inrssed paios The cost column shows how many soins Mihal Hours Spent Practicing 10
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Answer #1

For optimal outcome marginal benefit is equal to marginal cost.

If Michael practices for four hours, marginal benefit is 3 and marginal cost is 5.

Since both are not equal and marginal cost exceeds marginal benefit, it is not optimal to practice for 4 hours.

Outcome will not be optional because marginal cost exceeds marginal benefit.

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