Despite the Warning on a Package of Cigarettes About the Potential

Multiple Choice

Despite the warning on a package of cigarettes about the potential health hazards of smoking, a man lights up a cigarette. What would an economist conclude?

A) In the man's judgment, the expected marginal benefit of smoking the cigarette outweighs the expected marginal cost.
B) In the man's judgment, the expected marginal cost of smoking the cigarette outweighs the expected marginal benefit.
C) The man is behaving irrationally.
D) The man has a positive marginal benefit.