ENT 526 Lecture 3: Example and Phases
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4 May 2018
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Lecture 3 & 4
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Explain why you made the choice to go to your economics course lecture in terms of marginal benefits and marginal costs.
The marginal benefit of going to the lecture (passing the inevitable quiz) was less than the marginal cost of going (missing an hour of leisure time). | |
The marginal cost of not going to the lecture (failing the inevitable quiz) was less than the marginal benefit of not going (the hour of leisure time). | |
The marginal cost of not going to the lecture (failing the inevitable quiz) was greater than the marginal cost of going (missing an hour of leisure time). | |
The marginal benefit of going to the lecture (passing the inevitable quiz) was greater than the marginal cost of going (missing an hour of leisure time). |