The marginal cost of a vacation in Jamaica is $3500. According to the rule of rational choice, if the marginal benefit to Colby of a vacation in Jamaica is $3000, what will he do?
A) Colby will experience a net gain of $500 if he vacations in Jamaica.
B) Colby will choose not to vacation in Jamaica at this time.
C) Colby will borrow $500 and vacation in Jamaica.
D) Colby will experience a net gain of $3000 if he vacations in Jamaica.
Correct Answer:
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