Suppose you decide to attend summer school and that this is considered a rational choice.When making this choice,
A) you must ignore the problem of scarcity.
B) you considered the marginal cost and marginal benefit of your choice.
C) you have used the ceteris paribus assumption.
D) you have made a positive statement.
E) you must have considered the social interest.

Question

Quizplus · Accepted Answer

When making a rational choice, it is important to consider the marginal cost and marginal benefit. Attending summer school has a cost (tuition and potential loss of free time) and a benefit (the ability to take extra courses and hopefully improve academic performance). Therefore, weighing the marginal cost and benefit is necessary when making this decision. Options A, C, D, and E are not applicable or relevant to this scenario.

Suppose You Decide to Attend Summer School and That This