The deadline for your research paper is tomorrow and you still need a day of work to complete the paper. Unfortunately, you are scheduled to work all day in the cafeteria. You can turn the paper in one day late for a 10 percent penalty or take the day off of work and turn the paper in by the deadline. Losing a day of wages will cost you $90. The marginal cost of turning the paper in on time is:
A. $90 in forgone wages.
B. not getting to lounge around all day.
C. 10 percent deducted from your final score.
D. the 10% deduction in score and $90 in forgone wages.
Answer: A
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