You Purchase a $30, Nonrefundable Ticket to a Play at a Local

question 75

Multiple Choice

You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a very good show and place only a $10 value on seeing the remainder of the show. Alternatively you could leave the theater and go home and watch TV or read a book. You place an $8 value on watching TV and a $6 value on reading a book.

• A)You should leave the theater since the net benefit from seeing the remainder of the show is -$20, while going home will earn you at least $8 of satisfaction.
• B)You should stay and watch the remainder of the show.
• C)You should go home and watch TV.
• D)You should go home and read a book.

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Definitions:

Invasion of Privacy

Unauthorized intrusion into the personal life of another, without just cause, which can give the person whose privacy has been invaded a right to bring a lawsuit.

Petition

A formal written request, typically one signed by many people, appealing to authority with respect to a particular cause.

Moral Objections

Refusals or oppositions based on personal beliefs about what is right and wrong.

Libel

A form of defamation expressed in print, writing, pictures, or signs, damaging a person's reputation without just cause or excuse.