Question Four Once a week, Abbas purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers that
Question Four Once a week, Abbas purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers that all six cans are gone on the first day. Mustafa also purchases a six-pack of cola once a week for his two children, but unlike Abbas, he tells them that each may drink no more than three cans. If the children use cost-benefit analysis each time they decide whether to drink a can of cola, Explain why the cola lasts much longer at Mustafa's house than at Abbas's. Select the correct answer from the following and then explain your answer: a. Each abbas child want to maximize marginal benefits, not total benefit. b. Each abbas child get more benefit from each additional cola if they drink it quickly. c. Each Abbas child have higher marginal cost of not drinking a cola. Best wishes
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