Judy spent 8 hours studying for an exam. Normally, she would have spent that time watching TV instead of studying. She figures she could have made a "B" after only studying 4 hours, but she really wanted an "A" What is Judy's marginal cost in terms of TV viewing to improve her grade from a "B" to an "A"?
1 hour
8 hours
4 hours
$8
Homework Answers
Ans: 4 hours
Explanation:
Is Judy gets grade B by studying 4 hours, definitely has to study 8 hours to get grade A. Thus, the marginal cost = 8 hours - 4 hours = 4 hours.
Add Answer to:
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