Multiple Choice
Despite the warning on a package of cigarettes about the potential health hazards of smoking, a man lights up a cigarette.An economist would conclude that:
A) in the man's judgment, the expected marginal cost of smoking the cigarette outweighs the expected marginal benefit.
B) the man is behaving irrationally.
C) the smoker is unconcerned about his future health.
D) in the man's judgment, the expected marginal benefit of smoking the cigarette outweighs the expected marginal cost.
E) smoking should be banned by the government in order to ensure the safety of smokers.
Correct Answer:

Verified
Correct Answer:
Verified
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