Please answer the question at the bottom about the four hours of study time. Jake is a hard-working college freshman. One Thursday, he decides to work nonstop until he has answered 250 practice problems for his chemistrycourse. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes himlonger to solve each problem.TimeTotal Problems Answered8:00 AM9:00 AM10010:00 AM17511:00 AM225Noon250Use the table to answer the following questions.The marginal, or additional, gain from Jake's second hour of work, from 9:00 AM to 10:00 AM, is75 problems.The marginal gain from Jake's fourth hour of work, from 11:00 AM to noon, is25 problems.Later, the teaching assistant in Jake's chemistry course gives him some advice. "Based on past experience," the teaching assistant says, "working on62.5 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students alwayscover the same number of pages during each hour they spend reading.Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent workingon problems, and how many should he have spent reading?O hours working on problems, 4 hours readingO 1 hour working on problems, 3 hours reading2 hours working on problems, 2 hours readingO 4 hours working on problems, O hours reading

Answer: 2 hours working on problems, 2 hours reading. Explanation: If Jake spends the first hour…

e marginal gain from Jake's fourth hour of work, from 11:00 AM to noon, is 25 problems. ter, the teaching assistant in Jake's chemistry course gives him some advice. "Based on past experience," the teaching assistant says, "working or .5 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always ver the same number of pages during each hour they spend reading. ven this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working problems, and how many should he have spent reading? O O hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading 2 hours working on problems, 2 hours reading

e marginal gain from Jake's fourth hour of work, from 11:00 AM to noon, is 25 problems. ter, the teaching assistant in Jake's chemistry course gives him some advice. "Based on past experience," the teaching assistant says, "working or .5 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always ver the same number of pages during each hour they spend reading. ven this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working problems, and how many should he have spent reading? O O hours working on problems, 4 hours reading O 1 hour working on problems, 3 hours reading 2 hours working on problems, 2 hours reading

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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