Question

Matias spent 2 hours studying for an exam, and he received an A on the exam. Normally, he would have spent that time watching TV instead of studying. Matias figures he could have made a B after studying only 1 hours, but he really wanted an A. What is Matias ’s marginal cost in terms of TV viewing to move from a B to an A on the exam 1) 1 hour 2) 8 hours 3) 4 hours 4) 8$

Answer 1

Answer:

1) 1 hour

Step-by-step explanation:

Marginal cost is the total cost of making the product.

Here, the Total number of hour Matias need to move from grade B to grade A is:

Time spent to get grade A - Time spend to get grade B

= 2 hours - 1 hours = 1 hours

Thus, Matias ’s marginal cost in terms of TV viewing to moving from a B to an A on the exam is 1 hour.