You currently subscribe to two magazines and are trying to decide whether you should subscribe to a third.What should determine your decision if you are economically rational?
A)The total cost of the magazines compared to the total satisfaction you would receive
B)The total amount of satisfaction you would get from the magazines
C)The enjoyment you would get from the third magazine
D)The cost of the third magazine including the time it takes to read it
E)The cost of the third magazine compared to the additional enjoyment you would get from it

Question

Quizplus · Accepted Answer

As an economically rational individual, the cost of the third magazine should be compared to the additional enjoyment that it would bring. If the cost of the third magazine outweighs the additional enjoyment, then it would not be a rational decision to subscribe. However, if the cost of the third magazine is reasonable compared to the additional enjoyment, then subscribing to it would be a rational decision.

You Currently Subscribe to Two Magazines and Are Trying to Decide