Question

Suppose the relationship between your study time and your grade on a History midterm is given by the following table: If you study for Your grade will be 4 hours 5 hours 6 hours 80 90 93 10. What is the marginal grade improvement (MGI) of the 5 hour of studying? 11. What is the marginal grade improvement (MGI) of the 6 hour of studying? 12. Why might the MGI be diminishing?
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Answer #1

10. Marginal grade improvement of 5 hour of studying = 90-80.

MGI of the 5 hour of studying = 10.

11. MGI of the 6 hour of studying = 93 - 90

MGI of the 6 hour of studying = 3.

12. MGI is diminishing because of law of diminishing marginal utility.

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