Asked by Lauren Ferris on Jul 11, 2024
Verified
(Table: Expected Exam Scores from Studying Economics and Accounting) Use Table: Expected Exam Scores from Studying Economics and Accounting.If you studied for a total of 3 hours,your combined scores would be maximized by spending _____ hours studying economics.
A) 1
B) 2
C) 3
D) 4
Expected Exam Scores
Expected Exam Scores refer to the anticipated performance or outcomes on academic assessments, often based on current knowledge, study habits, and historical performance.
Studying Economics
The discipline of learning about how societies use scarce resources to produce valuable commodities and distribute them among different people.
Studying Accounting
The process of learning about and understanding the theories, principles, and practices related to managing and reporting financial information.
- Identify the best distribution of scarce resources among various tasks to enhance overall gain or outcome.
Verified Answer
LM
Lakithia McmullenJul 12, 2024
Final Answer :
B
Explanation :
To maximize the combined score, we need to find the point where the sum of expected scores for economics and accounting is the highest. From the table, we can see that spending 2 hours studying economics and 1 hour studying accounting gives a combined score of 161. Spending more time on economics or accounting would result in a decrease in the combined score. Therefore, the best choice is to spend 2 hours studying economics.
Learning Objectives
- Identify the best distribution of scarce resources among various tasks to enhance overall gain or outcome.