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3) Linda has determined that studying an hour for her exam will improve her grad

ID: 1099611 • Letter: 3

Question

3) Linda has determined that studying an hour for her exam will improve her grade on the
exam from 75 to 100. She also determines that this improvement is worth $20. In order to study for
an hour for her exam, however, she will have to work one less hour at her part-time job. She
should:
A) study for the exam as long as her hourly wage rate is less than $20.
B) study for the exam as long as her hourly wage rate is more than $20.
C) study for the exam only if her hourly wage rate is exactly $20.
D) not study for the exam because earning a higher grade cannot have a dollar value.

4). Maria bought one share of stock A for $10, one share of stock B for $15, and one share of stock
C for $20. Currently, each stock is priced at $15. Assuming no tax issues and she cannot predict
the future price of any of the stocks, if she needed $15, which stock should she sell?
A) A
B) B.
C) C.
D) It doesn't matter which one she sells.

macro homework 6
Page 6 of 6
5) The slope of the line shown in the figure below is

A) -1/3.
B) -5.
C) -1.
D) -3.

Explanation / Answer

B) study for the exam as long as her hourly wage rate is more than $20.

4 B

C -1

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