Multiple Choice
Because of a late night out with friends, Libby decided to sleep in rather than attend her 8 a.m. economics class. According to economic analysis, her choice was
A) irrational, because economic analysis suggests you should always attend classes that you have already paid for.
B) irrational, because oversleeping is not in Libby's self-interest.
C) rational only if Libby has not missed any other classes.
D) rational if Libby values sleep more highly than the benefit she expects to receive from attending the class.
Correct Answer:
Verified
Correct Answer:
Verified
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