A student who has paid non-refundable tuition of $45 a lecture estimates the marginal benefit of each lecture to be $60.She should attend the class if
A) the tuition for other classes is less than $60.
B) the opportunity cost of attending class is $50.
C) the opportunity cost of teaching the class is $70.
D) the tuition is less than the marginal benefit.
E) the opportunity cost of attending class is $65.

Question

Quizplus · Accepted Answer

The student should attend the class if the marginal benefit ($60) exceeds the opportunity cost of attending ($50).

A Student Who Has Paid Non-Refundable Tuition of $45 a Lecture