A College Student Decides to Spend the Afternoon Watching Three

question 89

Multiple Choice

A college student decides to spend the afternoon watching three movies rented from Red Box.The cost of each movie is $1.The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie.What was the marginal benefit received by the student when renting the 2^nd movie?

• A) $1
• B) $8
• C) $4
• D) $2

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Definitions:

Categorization-By-Levels

A cognitive process in which objects, ideas, or information are organized into hierarchical categories based on common properties or attributes, simplifying complexity and enhancing understanding.

Categorization-By-Features

The process of organizing objects or concepts into groups based on shared characteristics or attributes.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, emphasizing logic, rationality, and skepticism.

Preattention

A cognitive process allowing the brain to focus on relevant stimuli while ignoring irrelevant information.