Worksheet 3 - Marginal Decision Rule
Question # 00840938
Posted By:
Updated on: 04/20/2023 04:15 AM Due on: 04/20/2023
Worksheet 3- Marginal Decision Rule
Directions:
Choose any activity of interest (like studying or exercising).
1. What is the activity?
2. How would you measure the Marginal Benefits of the activity?
3. How would you measure the Marginal Costs of the activity?
4. State the Marginal Decision Rule.
5. On the graph below, graph the Marginal Benefit and Marginal Cost, and mark the optimal quantity of the activity, according to the Marginal Decision Rule.
-
Rating:
/5
Solution: Worksheet 3 - Marginal Decision Rule