Kara was out jogging and, despite being tired, decided too run one more mile. Based on her actions, economists would conclude that Kara decided that the marginal cost of running one more mile would outweigh the benefit of the additional mile. decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile. must be an avid runner. was not very tired, so the marginal cost of the extra mile was very low.

Question

Reese Fitzpatrick

Business

13 May, 23:25

Kara was out jogging and, despite being tired, decided too run one more mile. Based on her actions, economists would conclude that Kara decided that the marginal cost of running one more mile would outweigh the benefit of the additional mile. decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile. must be an avid runner. was not very tired, so the marginal cost of the extra mile was very low.

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Celeste Herrera · Answer 1

decided that the marginal benefit of running one more mile would outweigh the cost of the additional mile.

Explanation:

Kara's marginal cost of running that extra mile was probably being extremely tired, with some muscle pain, etc., while the marginal benefits of running that extra mile probably included losing some extra weight, improve cardiovascular fitness, strengthen her muscles, etc.

When she decided to keep on running despite being already tired, she probably believed that the marginal benefits generated by running that extra mile outweigh the marginal costs of doing so.

The same happens to any company that decides to sell their products only if the price (benefit) is higher than their costs.