Just before class, Jim tells Stuart, "Stuart, you shouldn't skip class today because you have paid tuition to enroll in the class." Stuart ignores Jim's advice, and instead makes the decision of whether to attend based on the importance to his grade that he feels he'd be missing that day in class relative to his value of the extra time he could have to finish the video game he is playing. To an economist, Stuart is:

Question

Quizplus · Accepted Answer

Stuart is using marginal analysis because he is weighing the marginal benefit of attending class (the importance to his grade) against the marginal cost (the value of the extra time to finish his video game). Marginal analysis is the economic concept of making decisions based on the additional benefits vs. additional costs of an action.

Just Before Class, Jim Tells Stuart, "Stuart, You Shouldn't Skip