Let's put our knowledge from this course to good use in studying for our final exam, and preparing for the CLEP exam. We maximize our utility by scoring as high as possible on these exams. To do so, we need to maximize our marginal utility in allocating our time towards the exam topics listed above. If we spend all our studying time on "price discrimination," which is only 1% of the exam, then we are not maximizing our marginal utility and will not score as well as we could. | Let's put our knowledge from this course to good use in studying for our final exam, and preparing for the CLEP exam. We maximize our utility by scoring as high as possible on these exams. To do so, we need to maximize our marginal utility in allocating our time towards the exam topics listed above. If we spend all our studying time on "price discrimination," which is only 1% of the exam, then we are not maximizing our marginal utility and will not score as well as we could. |