Question

If you decide to study for 1 more hour and wind up making an A rather than a B on your economics test, what is your marginal benefit?

a) The B

b) There is not marginal benefit

c) 1 hour

d)The A

Answer 1

d) The A

Explanation:

The marginal benefit in this scenario would be:

d) The A

By deciding to study for 1 more hour and achieving an A instead of a B on the economics test, the marginal benefit is represented by the improvement in the test grade from a B to an A.