Will, Bill, and Phil decide to study an extra hour for an exam. Instead of studying, they could have gone out to eat, played football, or watched TV, respectively. Which of the following statements is correct?
A) The benefit the three students receive must be the same because they all make the same choice.
B) The students made a rational choice as long as they face no scarcity.
C) Each of the students could have different opportunity costs.
D) The marginal cost of the decision is the same if they make the same score on the exam.
E) Going out to eat, playing football, and watching TV are all called sunk costs.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Will, Bill, and Phil decide to study an extra hour for an exam. Instead of studying, they could have gone out to eat, played football, or ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What term describes all people who share similar characteristics but little else, such as all women attending college, all left-handed people, and all men over seven feet tall?
Answers (1)
A characteristic of adolescent egocentrism is
Answers (1)
What does it mean to measure a migration rate? How do migration rates affect populations? Explain your answer in at least two or three sentences.
Answers (1)
The national debt as of 1998 amounted to dollars.
Answers (1)
Direct contact between an interest group representative and an officer of government is an example of
Answers (1)
New Questions in Social Studies
In three to four well-developed paragraphs, you will compare and contrast your two favorite stories from the lesson. Remember to be specific about things the stories and people had in common, as well as specific things that were different.
Answers (1)
WHY does the article include information about Roosevelt's Four Freedoms Speech? Group of answer choices to emphasize the fears Americans felt about sending weapons to European countries during World War II to suggest that America contributed to
Answers (1)
Do you think Madison's vision to control the mischiefs of faction works today? Why or why not?
Answers (1)
Who was the 18 president of the united states and what year were they president
Answers (1)
Rudy, who has just retired from his longtime job as a corporate executive, is enjoying the freedom that his post-working years afford him, and he is spending a lot of time doing the traveling that he never had the time to do before.
Answers (1)