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From course:

Microeconomic MCQ 1

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Question:

4. Choosing to study for an exam until the extra benefit (improved score) equals the extra cost (mental fatigue) is A) not rational. B) an application of the cost-benefit principle. C) an application of the scarcity principle. D) the relevant oppo11unity cost. E) less desirable than studying for the entire evening.

Author: Gonza R



Answer:

B) an application of the cost-benefit principle.


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Gonza R
Gonza R