A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 1st movie?
A. $1
B. $8
C. $4
D. $2
C. $4
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What will be an ideal response?
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A. low-risk. B. high-compensation. C. risk-seeking. D. risk-averse.
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What will be an ideal response?