Instead of Studying for an Additional Two Hours for the Economics

question 10

Multiple Choice

Instead of studying for an additional two hours for the economics final,Leann decides to watch a movie.Leann is making

• A) a decision that does not involve an opportunity cost.
• B) a rational decision if her marginal cost from the movie is greater than her marginal benefit.
• C) a rational decision if her marginal benefit from the movie is greater than her marginal cost.
• D) an irrational decision because studying is more important than watching a movie.
• E) a decision that is not on the margin because she will see the entire movie.

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Definitions:

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another through interaction and integration.

Fertility Rate

The average number of children born to a woman over her lifetime, used to assess population growth or decline.

Crude Birthrate

A statistical measure representing the number of live births in a given year per 1,000 population in a specific area.

Fecundity Rate

The potential reproductive capacity of an individual or population, often measured by the number of children women could have.