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. 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.