Which of the Following Is Most Consistent with Economizing Behavior

question 58

Multiple Choice

Which of the following is most consistent with economizing behavior?

• A) If you get the same satisfaction from a hamburger and a fish sandwich, you should purchase the one that costs the most.
• B) Even if you know how to paint, hiring someone to do the job is consistent with economizing behavior, if your opportunity cost is high enough.
• C) If the government provides a good free to citizens, the opportunity cost of the good is zero.
• D) If you get the same satisfaction from going to the opera and going to an art museum, it makes no difference which you choose.

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Definitions:

Series

A sequence of related events, objects, or numbers following a particular pattern or order.

San Marino

A small independent republic situated on the Italian Peninsula, known for its mountainous terrain and historical architecture.

Square Kilometers

A unit of area measurement equivalent to 1,000,000 square meters, commonly used in geography and land measurement.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising many countries with diverse cultures and languages.