You are ill on the day of the concert for which you had bought tickets almost a month ago. Since you paid almost $40 for the tickets, you are considering whether to go to the concert anyway. Rational choice theory says that you should go to the concert only if:

A. the benefits of going outweigh the $40 dollars plus any additional pains associated with getting out of bed while being sick.
B. the benefits of going outweigh the $40 dollars you spent on the tickets.
C. the benefits of going outweigh any pains associated with getting out of bed while being sick.
D. you feel better.


Answer: C

Economics

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