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You should go see a movie if:

a.) marginal costs exceed the marginal benefit
b.) marginal benefit exceed the marginal costs
A. If the cost of watching is higher than the enjoyment you'll get.
B. If the enjoyment you'll get is higher than the cost of watching.
C. If the cost of watching is the same as the enjoyment you'll get.
D. If you're not sure about the cost and enjoyment comparison."

1 Answer

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Final Answer:

B. If the enjoyment you'll get is higher than the cost of watching.

This reflects the economic principle that individuals typically make choices that maximize their overall well-being, and in this case, watching a movie is considered worthwhile if the pleasure derived from it (marginal benefit) exceeds the cost associated with watching (marginal cost). So, the correct answer is B.

Step-by-step explanation:

Choosing whether to see a movie involves a decision-making process based on the comparison of marginal costs and marginal benefits. Marginal cost refers to the additional cost incurred by watching a movie, encompassing factors such as ticket prices, transportation, and time commitment. On the other hand, marginal benefit relates to the additional enjoyment or satisfaction gained from the movie-watching experience.

In this context, option B asserts that one should go see a movie if the marginal benefit exceeds the marginal cost. This aligns with the fundamental economic principle of rational decision-making, where individuals seek to maximize their overall well-being or utility. If the enjoyment derived from watching the movie surpasses the associated costs, it implies a positive net gain in satisfaction. This decision-making framework encourages individuals to allocate resources, in this case, time and money, in a manner that enhances their overall happiness.

In contrast, options A and D suggest scenarios where the cost considerations either outweigh the potential enjoyment or remain uncertain, indicating suboptimal choices from an economic perspective. Therefore, option B accurately captures the essence of rational decision-making by emphasizing the importance of a favorable balance between the pleasure gained from the movie and the costs incurred in the decision to watch it.

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