Question

Patrick decided to go to class today instead of going to the movies. He made this decision because:
a. Patrick’s additional benefit of going to class exceeded the additional cost of going to class.
b. Patrick’s additional benefit of going to the movies exceeded the additional cost of going to class.
c. Patrick’s additional benefit of going to class exceeded the additional cost of going to the movies.
d. Patrick’s additional benefit of going to the movies exceeded the additional cost of going to the movies.
e. Patrick’s additional benefit of going to class equaled the additional cost of going to the movies.

Answer 1

Answer:

Correct answer is "c".

Explanation:

We always use the “marginal analysis”( marginal costs and marginal benefits) when we have to choose what to do in our lives.  The costs and benefits can be visible or invisible.

But only the person inside the situation can do the calculation. It doesn't have a correct answer, these are cases where the cost and the benefit are abstract.

Answer 2

Answer:

The answer that makes the most sense is C

Explanation: