Evan goes out drinking every Thursday night, even though he tends to show up late for work
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Question:
- Evan goes out drinking every Thursday night, even though he tends to show up late for work and hung over on Friday. Would an economist consider Evan's behavior rational? Explain your answer.
- Remy has to leave class ten minutes early to get to work.
a.What is his opportunity cost of leaving class early?
b.What is his benefit?
c.If Remy's teacher starts penalizing students who leave early, will Remy's opportunity cost increase, decrease, or remain the same? Explain.
c. Will this penalty make Remy more likely or less likely to leave class early? Explain.
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