A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise. Is less than the marginal cost of the additional hour of swimming. Is the benefit she receives from practicing the additional hour. Is the benefit she gets from all the hours she has worked out all week. Depends on the cost of the extra hour of workout.
A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise. Is less than the marginal cost of the additional hour of swimming. Is the benefit she receives from practicing the additional hour. Is the benefit she gets from all the hours she has worked out all week. Depends on the cost of the extra hour of workout.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 14QP
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