A College Student Decides to Spend the Afternoon Watching Three

question 103

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 1st movie?

• A) $1
• B) $8
• C) $4
• D) $2

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Definitions:

Logos

Logos is a principle in classical rhetoric that represents logical reasoning or argument, and in branding, it refers to a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

Argument By Logic

Persuasion or debate technique where the focus is on using reasoned and structured reasoning to support a position or refute an opposing one.

Satisfied Need

A fulfilled requirement or desire, which no longer motivates behavior once it has been addressed.

Motivator

A person or factor that stimulates someone to act in a certain way to achieve a goal.