• 2022-06-06
    11) Beth’s friends want to take her to a movie or a play for her birthday. Beth chooses to attend the play. We know that:
    A: a. Beth has made an irrational decision.
    B: b. not seeing the movie is Beth’s opportunity cost of attending the play.
    C: c. Beth did not make a decision at the margin.
    D: d. seeing the play did not cost Beth anything since she did not have to pay for the ticket.