Instead of Deciding to Finish High School,Cecily Could Have Decided

question 10

Multiple Choice

Instead of deciding to finish high school,Cecily could have decided to work full-time.How would an economist explain her decision to receive her high school degree?

• A) The cost of going to high school was greater than the benefit of working full-time.
• B) The benefit of working full-time was greater than the benefit of going to high school.
• C) The benefit of going to high school was greater than the benefit of working full-time.
• D) The cost of working full-time was greater than the benefit of going to high school.
• E) The benefit of working full-time was greater than the cost of going to high school.

---

Definitions:

Utility Maximizing

The act of choosing the combination of goods and services that maximizes a consumer's satisfaction or happiness with a given income.

Marginal Utility

The additional satisfaction or utility received by consuming one more unit of a good or service.

Soft Drinks

Non-alcoholic beverages that are usually carbonated and contain various flavorings and sweeteners.

Chips

Thin slices of potatoes, vegetables, or other foods, fried or baked until crispy, commonly served as a snack or side dish.