Choosing to study for an exam until the extra benefit (e.g., improved score) equals the extra cost (e.g., the value of foregone activities) is:

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Choosing to study for an exam until the extra benefit (e.g., improved score) equals the extra cost (e.g., the value of foregone activities) is:

A.not rational because it ignores the importance of total benefits and total costs.

B.an application of the Cost-Benefit Principle.

C.not an economic choice.

D.an application of the Scarcity Principle.

正确答案:an application of the Cost-Benefit Principle.

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