A student decides to study when the additional benefit exceeds the ______________ cost.

Multiple choice question for Introduction To Economics. Select an option, then review the explanation below.

Explanation

The correct answer is incremental cost because a student will continue studying as long as the extra benefit gained from studying is greater than the extra cost incurred. Average, expected, and total costs do not directly compare the additional benefit from one more unit of study.

Practice related questions from the same subject.

1.Which of the following factors directly influences the supply curve?
2.Under what condition is a market considered to be in equilibrium?
3.What type of relationship is depicted when a graph shows that as the values on the horizontal axis increase, the values on the vertical axis decrease?
4.Which two elements are essential to construct a straight-line graph?
5.How can a nominal value be converted into a real value?

A student decides to study when the additional benefit exceeds the ______________ cost.

Explanation

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