Your economics lecturer offers 10 bonus marks on the final exam if you attend a review session before the exam. These bonus marks are an example of
A) a rational choice.
B) a decrease in the marginal benefit of attending the review session.
C) an incentive to attend the review session.
D) an increase in the marginal cost of attending the review session.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

The bonus marks offered by the lecturer serve as an incentive for students to attend the review session, as they increase the potential benefit of attending. This aligns with the concept of incentives in economics, where individuals are motivated by rewards and penalties to make certain choices.

Your Economics Lecturer Offers 10 Bonus Marks on the Final