Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Deciding to study for an extra hour because the overall grade in the class has improved over time.
B
Choosing to review material only up to the point where the additional benefit of understanding is greater than the time spent studying.
C
Studying every night regardless of the upcoming exam or current understanding of the material.
D
Skipping review sessions altogether to focus on leisure activities instead.
Understanding the Answer
Let's break down why this is correct
Answer
Marginal analysis is a way of comparing the extra benefits of doing something with the extra costs that come with it. For example, imagine you are studying for the AP Microeconomics exam and you have the choice to study for an extra hour or take a break. If studying for that extra hour helps you understand concepts better and boosts your confidence for the exam, the benefit may outweigh the cost of being tired later. However, if you find that the extra hour doesn’t help much and you feel exhausted afterward, then the cost might be greater than the benefit. In this situation, you would use marginal analysis to decide whether that extra hour of study is worth it.
Detailed Explanation
This choice shows how to weigh the extra benefit of studying against the time spent. Other options are incorrect because This option suggests studying more just because grades improved; Studying every night without thinking about the exam or what you know wastes time.
Key Concepts
Marginal Analysis
Utility Maximization
Cost-Benefit Analysis
Topic
Understanding Marginal Analysis
Difficulty
easy level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.