When Gabriel made a rational choice to spend his entire allowance on chocolate bars, he did so by comparing the
A) benefits of the chocolate bars to the scarcity of the chocolate bars.
B) marginal benefits of the chocolate bars to the marginal costs of the chocolate bars.
C) opportunity costs of the chocolate bars to the scarcity of the chocolate bars.
D) self-interest to the social interest.
E) benefits of the chocolate bars to the desire he had for the chocolate bars.

Question

Quizplus · Accepted Answer

Gabriel's rational choice was based on the marginal benefits of the chocolate bars (pleasure/satisfaction gained from consuming them) compared to the marginal costs (the cost of each additional chocolate bar). He weighed the benefits and costs of the decision and decided that the additional pleasure he would gain from each chocolate bar was worth the cost of spending his entire allowance on them.

When Gabriel Made a Rational Choice to Spend His Entire