Because of a late night out with friends, Ayana decided to sleep in rather than attend her 8 a.m. economics class. According to economic analysis, her choice was
A) irrational, because economic analysis suggests you should always attend classes that you have already paid for.
B) irrational, because oversleeping is not in Ayana's self-interest.
C) rational only if Ayana has not missed any other classes.
D) rational if Ayana values sleep more highly than the benefit she expects to receive from attending the class.
Correct Answer:
Verified
Q205: The opportunity cost of an action is
A)
Q219: The opportunity cost of an activity
A) depends
Q222: Retired persons travel by bus and automobile
Q225: Suppose an airline ticket from Portland to
Q226: Which of the following activities describes the
Q230: Hutch Technology makes computer monitors, which sell
Q231: Based on the idea of opportunity cost,
Q232: For most students attending state universities, the
Q236: Which of the following would be most
Q238: Statistical data provided by the U.S. Department
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents