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The Marginal Cost of a Vacation in Jamaica Is $3,000

Question 3

Multiple Choice

The marginal cost of a vacation in Jamaica is $3,000. The marginal benefit to Jordan of a vacation in Jamaica is $3,500.


A) According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time.
B) According to the rule of rational choice, Jordan will experience a net gain of $500 if he vacations in Jamaica.
C) According to the rule of rational choice, Jordan will experience a net gain of $3,500 if he vacations in Jamaica.
D) According to the rule of rational choice, Jordan will experience a net gain of $3,000 if he vacations in Jamaica.

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