14) Mothers Against Drunk Drivers (MADD) campaigned to increase the legal penalties of drunk driving. This successful campaign ________ of drunk driving.
A) increased the marginal benefit
B) decreased the marginal benefit
C) increased the marginal cost
D) decreased the marginal cost
E) increased the sunk cost …
4) You have chosen to take a trip during Spring Break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is
A) the wages you would have earned from working.
B) the lower grade earned by not studying.
C) the wages you would have earned from working and the lower grade earned by not studying.
D) the value of the trip.
E)We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred…..
A) His decision is rational if Adam's marginal benefit of spending a day skiing is greater than his marginal cost.
E) Adam is definitely making a decision that is in the social interest.