Suppose your teacher finishes class 30 minutes early on the day before an exam. She indicates that you may leave, or stay on for an optional study period which will last for the remaining 30 minutes of the scheduled class time. You should:

Question

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When making a decision, it is important to consider the costs and benefits involved. In this case, the cost of staying for an extra 30 minutes is the opportunity cost of doing something else during that time, such as studying on your own or resting. The benefit of staying for the extra study session is the potential to gain additional knowledge and improve your performance on the upcoming exam. Therefore, you should only choose to stay if you believe that the benefits of the session outweigh the cost of giving up the opportunity to do something else during that time.

Suppose Your Teacher Finishes Class 30 Minutes Early on the Day