If Jessie Studies Economics for Two Hours Instead of Going

question 38

Multiple Choice

If Jessie studies economics for two hours instead of going to the movies with her friends,then

• A) the benefit of studying is the missed movie.
• B) the opportunity cost of studying is the missed movie.
• C) Jesse definitely is making a rational choice.
• D) Jessie is ignoring a sunk cost.
• E) Jessie is not responding to any incentives.