Question

Consider the following scenario: Tariq has five hours of study time

to allocate between economics and chemistry. His objective is to
maximize the combined total number of points earned on the
tests in each class. The benefit of spending more time studying
economics is more points on the economics test. The cost of
spending more time studying economics is points lost on the
chemistry test. Answer questions 1-5 based on the table below,
which indicates the costs and benefits of each possible quantity
of hours spent studying economics in terms of points.
Quantity
(hours)
0
1
2
3
4
5
Marginal
Cost
ir 91 to 1205 En
-
5
7
SAY 10
Marginal
Benefit
25
40
30
Total Cost
0
12
2019 22
10 aniq 37
62
Total
Benefit
0
40
100
100
What is the marginal benefit of the fifth hour spent
studying economics?

Answer 1

Step-by-step explanation:

The marginal benefit of the fifth hour spent studying economics is 10 points. This means that dedicating an additional hour to studying economics would result in a 10-point increase in Tariq's total points on the economics test.