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Rowan Has Been Spending Four Nights Studying for Her Economics Tests and Her Current Grade in the Course Is 75 Percent. She Decides to

Problemas

Rowan has been spending four nights studying for her economics tests and her current grade in the course is 75 percent. She decides to take a part-time job and study only three efights for her next test. As a result, after her next test, her grade falls to 60 percent. What is Rowan's marginal cost of working one night a week? Rowan's marginal cost of working one night a week is __ A. 15 percentage points B. 75 percentage points C. 60 percentage points D. greater than 60 percentage points and less than 75 percentage points

Roztwór

Martha élite · Tutor durante 8 años
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4.6 (275 Votos)

Respuesta

The marginal cost of working one night a week for Rowan is 15 percentage points.

Explicación

## Step 1The marginal cost is the cost of the next best alternative foregone. In this case, Rowan's marginal cost of working one night a week is the difference in her grades before and after she decided to work.## Step 2Before she decided to work, Rowan was studying four nights a week and her grade was 75%. After she decided to work, she was studying three nights a week and her grade fell to 60%.## Step 3To find the marginal cost, we subtract the final grade from the initial grade. ### **Marginal Cost = Initial Grade - Final Grade**## Step 4Substituting the given values into the formula, we get:### **Marginal Cost = 75% - 60% = 15%**