Which of the following scenarios describes an action that is NOT rational from an economic point of view?
◦ After drinking one martini (shaken, not stirred), James buys and drinks a second martini even though the marginal benefit of the second martini is lower than the marginal benefit of the first.
◦ Eric buys a replacement ticket to the basketball game after he realizes that he accidentally left his original ticket at home.
◦ Emily chooses to attend a social event on Tuesday night instead of studying even though she has an important exam on Wednesday morning.
◦ US Airways sells a last minute ticket to Don for $50 even though its average cost per passenger is $250.
◦ None of these
Indicators of Relative Economic Well-Being
Indicators of Economic Development
Economic and Social Development
economic
economic question