Michael has a football game tomorrow morning and he needs to decide how many hours to practice. The benefits column shows how many more points he expects to earn because of increased practice. The cost column shows how many points he will lose because of careless errors due to lack of sleep. (The "marginal" columns show the effect of each additional hour. These numbers are the differences of the "total" columns.) Hours Spent Practicing 1 2 3 Total Benefit Marginal Benefit Total Cost 10 10 Marginal Cost 0 14 4 3 3 18 4 6 3 21 23 3 2 11 18 5 7 5 Using the marginal benefits and marginal costs analysis, if Michael practices for four hours, the outcome will be because
Michael has a football game tomorrow morning and he needs to decide how many hours to practice. The benefits column shows how many more points he expects to earn because of increased practice. The cost column shows how many points he will lose because of careless errors due to lack of sleep. (The "marginal" columns show the effect of each additional hour. These numbers are the differences of the "total" columns.) Hours Spent Practicing 1 2 3 Total Benefit Marginal Benefit Total Cost 10 10 Marginal Cost 0 14 4 3 3 18 4 6 3 21 23 3 2 11 18 5 7 5 Using the marginal benefits and marginal costs analysis, if Michael practices for four hours, the outcome will be because
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.1: Ratios
Problem 25WE
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