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.

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Definitions:

But Messages

Statements in which the word but diminishes or negates whatever has been said prior to but.

Fight-flight Responses

Physical and psychological reactions that prepare an individual to confront or escape a perceived threat or stressor.

Adrenaline

A hormone and neurotransmitter produced by the adrenal glands that increases heart rate, contracts blood vessels, dilates air passages, and participates in the fight-or-flight response.

Blood Supply

pertains to the provision and circulation of blood throughout the body by the heart and blood vessels.