Just Before Class, Jim Tells Stuart, "Stuart, You Shouldn't Skip

question 161

Multiple Choice

Just before class, Jim tells Stuart, "Stuart, you shouldn't skip class today because you have paid tuition to enroll in the class." Stuart ignores Jim's advice, and instead makes the decision of whether to attend based on the importance to his grade that he feels he'd be missing that day in class relative to his value of the extra time he could have to finish the video game he is playing. To an economist, Stuart is:

• A) using marginal analysis.
• B) ignoring the total value of attending class.
• C) ignoring the concept of opportunity cost.
• D) irresponsible.

---

Definitions:

Communications Executive

A senior-level professional responsible for overseeing an organization's internal and external communication strategies.

International Business Correspondence

The exchange of written communication between parties from different countries for the purpose of business.

Conscious Buyers

Consumers who make purchasing decisions based on the social, environmental, and ethical implications of products.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.