28. Why are wedding gowns typically purchased and worn only once, while tuxedos, which can be worn on multiple occasions, typically rented? Your response should apply economic principles (e.g., comparative advantage, opportunity cost, cost-benefit principle) to answering one of the above questions. Your answer does not need to be correct in that it fully explains the question. Instead focus on creating an intelligent hypothesis that could potentially be tested and refined. Also avoid using technical jargon for the sake of being technical. Your response should be able to be read and understood by an intelligent individual with no training in economics.

Each assignment will also highlight a different tool in the economist's toolkit. You do not need to specifically reference or use this tool in your submission, but it may be helpful to think about how the tool relates to the puzzle. This assignment's economic tool: Cost - Benefit Principle A significant amount of economic analysis is done under the assumption that individuals and firms make decisions based on comparisons of costs and benefits. For example, why do the countries in our models choose to engage in trade? The benefits of trade outweigh the costs. Similarly, why do consumers choose to purchase a good or service in the model? They make this decision because their willingness to pay (the benefits they receive) outweighs the costs (the prices of the good or service).