Multiple Choice
Choosing to study for an exam until the extra benefit (e.g., improved score) equals the extra cost (e.g., the value of foregone activities) is:
A) not an economic choice.
B) an application of the Cost-Benefit Principle.
C) an application of the Scarcity Principle.
D) not rational because it ignores the importance of total benefits and total costs.
Correct Answer:
Verified
Correct Answer:
Verified
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