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L1 2 - Your location Assessments View All Submissions View...

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View Attempt 2 of 4 Title: Lesson 1 Quiz (Required for course grade) Started: February 23, 2009 7:15 PM Submitted: February 24, 2009 1:20 PM Time spent: 18:04:29 Total score: 90/100 = 90% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact: Student Response Value Correct Answer Feedback A. is an example of irrational behavior. B. implies that reading should be taught through phonics rather than the whole language method. C. contradicts the economic perspective. D. implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost. 100% Score: 10/10 Comments: 2. The marginal benefit curve is: Your location: Assessments View All Submissions › View Attempt
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Student Response Value Correct Answer Feedback A. upsloping because of increasing marginal opportunity costs. B. upsloping because successive units of a specific product yield less and less extra utility.
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