The Marginal Benefit of You Going to a Movie During

question 37

Multiple Choice

The marginal benefit of you going to a movie during the week is currently $6. Assume that the $4 price of going to the movies measures its marginal cost. Following the economic decision rule, you will:

• A) continue going to movies until the marginal benefit of doing so falls to zero.
• B) choose not to go to any movies during the week.
• C) continue going to movies until the marginal benefit of doing so falls below $4.
• D) not be able to enjoy a net gain from going to the movies during the week.

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Definitions:

Social Planning

The process of designing and implementing societal interventions, programs, and policies aimed at addressing social needs, improving community welfare, and fostering societal development.

Locality Development

Locality development emphasizes the involvement and empowerment of community members in the process of identifying and addressing their own needs to improve their local area.

Community Brokering

The practice of connecting members of a community with resources, services, or opportunities they may not have access to or knowledge of, enhancing community well-being.

Economic Characteristics

Attributes that describe the economic status or conditions of a particular region, including income levels, employment rates, and types of industries present.