Going Skiing Will Cost Adam $80 a Day

question 205

Multiple Choice

Going skiing will cost Adam $80 a day.He also loses $40 per day in wages because he has to take time off from work.Yet,Adam still decides to go skiing.

• A)His decision is rational if Adam's marginal benefit of spending a day skiing is greater than his marginal cost.
• B)He loses a total of $120 per day,so his decision is irrational.
• C)The $80 price of skiing is not an opportunity cost and so did not affect Adam's decision.
• D)Adam's lost $40 per day in wages is not an opportunity cost and so did not affect his decision.
• E)Adam is definitely making a decision that is in the social interest.

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Definitions:

Nuremberg Race Laws

Racial laws implemented by Nazi Germany in 1935 to systematically discriminate against Jews, including the prohibition of marriage between Jews and non-Jewish Germans.

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An ethno-linguistic term historically used to describe peoples speaking Indo-European languages, particularly in ancient times; usage varies by context.

Nazi Policy

Nazi policy encompasses the strategies, laws, and directives implemented by the Nazi regime in Germany between 1933 and 1945, including aggressive expansionism, racial purification, and the persecution of Jews and other minorities.

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Unique patterns formed by ridges on the tips of human fingers, used in identification due to their distinctiveness.