【正文】 t on Saturday. (Assume that you would not have been willing to pay any more than $35 for this concert.) Your boss called and she is looking for someone to cover a shift on Saturday at the same time as the concert. You will have to work 4 hours and she will pay you time and a half, which is $9/hr.value spending time with the children as much as does Chris.value spending time with the children by more than $12,000.C.A.Pat earns $25,000 per year (after taxes), and Pat39。Yes, there is economic surplus of $400.No, there is a loss of $100.C.A.54.Yes, surplus of $400.D.No, there is a loss of $50.B.If you use the frequentflyer coupon to fly to Atlanta, would you get any economic surplus by making the trip?$550$450C.A.52.Yes, your benefit is equal to your cost.D.Yes, your benefit is more than your cost.B.If you do not use the frequentflyer coupon to fly, should you go to Miami?s graduation, which your parents are forcing you to attend. The ChicagoAtlanta roundtrip airfares are $450.the benefits will be understated.D.the benefits will be overstated.B.If one fails to account for implicit costs in decision making, then applying the costbenefit rule will be flawed because:Moe gets less benefit from spending time with Curly than from studying.the opportunity cost of studying tonight is equal to the value Moe gets from spending time with Curly minus the cost of earning a low grade on the exam.C.A.49.consistent with the economic model because people intuitively pare the relative costs and benefits of the choices they face.D.irrational, because intuition is often wrong.B.Most people make some decisions based on intuition rather than calculation. This is:puters have allowed economists to develop abstract models.every economic situation is essentially the same, so specific details are unnecessary.C.A.47.predicts that consumers will always prefer Barry39。is the most detailed and plex.C.A.46.useful because everyone follows it all of the time.D.unrealistic because it is too detailed and specific to apply to a variety of situations.B.The costbenefit model used by economists is:exceptionally accurate methods of predicting nearly all behavior of everyone.exact replications of the decisionmaking process people use.C.A.44.generalize about patterns in decisionmaking.D.apply to all examples equally well.B.Economic models are intended to:The person is simply irrational.The costbenefit principle is rarely true.C.A.42.most people know about the scarcity principle.D.we know the costbenefit principle.B.Most of us make sensible decisions most of the time, because:Jenna underestimated the benefits of the movie.Jenna was not rational.C.A.40.those who explicitly make decisions this way are smarter.D.this is exactly how people choose between alternatives.B.The use of economic models, like the costbenefit principle, means economists believe that:$0.$250.C.A.38.smallest net benefits.D.largest total benefits.B.In general, rational decision making requires one to choose the actions that yield the: $12,000 $3,000D. $15,000C. $12,000B.A.36.the cost of attending State U. is the amount of money Alex could have earned working for four years.D.attending State U. for four years is costless for Alex.B.Alex received a fouryear scholarship to State U. that covered tuition and fees, room and board, and books and supplies. As a result:the value she places on spending time with her child.s college expenses.C.the high cost of raising a child.B.Sally earned $25,000 per year before she became a mother. After she became a mother, she told her employer that her opportunity cost of working is now $50,000, and so she is not willing to work for anything less. Her decision is based on:choice in the face of limited resources.poor normative economic decision making.C.A.33.the difference between the benefit gained and the cost incurred of taking an action.D.the benefit gained by taking an action.B.Economic surplus is:$37 minus the benefit of seeing the movie.$30.C.A.31.the leastbest alternative forgone.D.an alternative forgone.B.The opportunity cost of an activity is the value of:the same opportunity cost of spending time on leisure activities.a higher opportunity cost of taking a day off.C.A.29.the movie she missed seeing.D.the $12 she spent on the umbrella, food and drinks.B.Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal amount of money to go to a movie. The opportunity cost of going to the beach is:determined the opportunity cost of each choice and picked the one with the lowest opportunity cost.underestimated the benefits of attending NoName.C.A.27.NoName U, because Larry has a full scholarship there.D.Elite U, because $60,000 is greater than the benefit at the other schools.B.Larry maximizes his surplus by attending:$10,000$20,000C.A.25.$20,000D.$50,000B.The opportunity cost of attending Elite U is:Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year.the cost of studying was less than the cost of golfing.Dean is doing poorly in his economics class.C.A.Dean decided to play golf rather than prepare for tomorrow39。 smaller smallerD. greaterC. greaterB.A.22.volunteer to empty out the