📚 Learning Guide
Understanding Marginal Analysis
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If a student evaluates that each additional study session increases their exam score by 5 points while costing 2 hours of time, what should they consider before deciding to study more?

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Choose the Best Answer

A

The total time they have available for studying

B

The marginal benefit versus the marginal cost of studying more

C

Their current score without studying

D

The opinions of their peers on studying

Understanding the Answer

Let's break down why this is correct

Answer

When a student thinks about studying more, they should consider the idea of marginal analysis, which helps them weigh the benefits and costs of their decision. In this case, each extra study session boosts their exam score by 5 points, but it also takes away 2 hours of their time. They need to ask themselves if those 5 extra points are worth the 2 hours they could spend doing something else, like relaxing or working on another subject. For example, if they only need a few more points to pass, studying might be a good choice, but if they are already doing well, those 2 hours might be better spent elsewhere. Balancing time and score can help them make a smart decision about studying more.

Detailed Explanation

The student should compare the extra points gained from studying to the time spent. Other options are incorrect because Focusing only on total time can be misleading; Knowing your current score doesn't help you decide about studying more.

Key Concepts

Marginal Analysis
Marginal Benefits and Costs
Utility Maximization
Topic

Understanding Marginal Analysis

Difficulty

medium level question

Cognitive Level

understand

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