Suppose an Instructor Takes Off Points for Students Coming Late

question 39

Multiple Choice

Suppose an instructor takes off points for students coming late to class. He then finds that the number of late arrivals has risen. This could have happened because the:

• A) money price of late arrivals declined.
• B) shadow price of late arrivals rose.
• C) shadow price of late arrivals declined.
• D) teacher did not fine the students monetarily for arriving late.

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Definitions:

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Psychological Approach

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