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Author Question: A student is trying to decide whether to study for the upcoming exam or play video games. The ... (Read 164 times)

itsmyluck

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on: Jul 1, 2018
A student is trying to decide whether to study for the upcoming exam or play video games. The optimal amount of time spent studying is:
 a. where the total benefit of studying is equal to the total cost of studying.
  b. where the marginal benefit of studying is equal to the total cost of studying.
  c. where the marginal benefit of studying equals the marginal cost of studying.
  d. where the total benefit of studying equals the total cost of studying.

Question 2

The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as
 a. Predatory pricing
 b. Price collusion
 c. Arbitrage
 d. Mark-up pricing


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Sammyo

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


itsmyluck

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Mochi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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