From an economic perspective, when a student decides to go to the movies instead of studying for a test, it indicates that in the student's thinking, the marginal
A) benefit of studying is greater than the marginal cost of studying.
B) cost of going to the movies is less than the marginal benefit of going to the movies.
C) benefit of studying are greater than the marginal benefit of going to the movies.
D) cost of going to the movies is greater than the marginal cost of studying.

Question

Quizplus · Accepted Answer

The student's decision indicates that in their thinking, the marginal cost of studying (the opportunity cost of not going to the movies) is greater than the marginal benefit of studying. Additionally, the marginal benefit of going to the movies is greater than the marginal cost of going to the movies. Therefore, they choose to go to the movies instead of studying.

From an Economic Perspective, When a Student Decides to Go