1. If a good is rival A. Consumers fight over the good. B. One consumer\'s benef

Question

1. If a good is rival A. Consumers fight over the good. B. One consumer's benefit increases as another consumers enjoyment. C. Once consumer's use diminishes another consumer's enjoyment D. A good consumed by one person is there for another person to consume. 2. According to behavorial economists, why might students act irrationally in choosing their compsumption of studying? A. All students take the advice of colleges by studying for 2 hours outside of class for every hour in class. B. Most students are unrealistic about the choices that will enable them to met a future goal. C. Choices of how to use time typically chan ge from day to day, so students can easily meet their goal. D. Celebrity endorsements influence students to study more.

Explanation / Answer

1. B 2. C.

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