Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
Question
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Chapter 5, Problem 1P

(a)

To determine

The values for the marginal benefit of different activities.

(b)

To determine

Total benefit when an individual plays video games for two nights and talks on the phone for the other three nights.

(c)

To determine

Effect of playing less video games and watching one movie on the total benefit.

(d)

To determine

Best way to use five nights.

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Think of an economic decision you made recently wherein the benefit outweighed the cost (or the cost outweighed the benefit).
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