dont chatgpt i will 3 upvot Your friend remarks that longer movies are a better deal than shorter movies because the ticket price is the same in bothcases. Therefore, the longer movie provides more benefit for the same cost as a shorter movie.Which of the following is the best argument against your friend's claim that longer movies provide more benefit thanshorter movies?Based on theopportunity cost principle, the length of the movie does not matter as long as watching a movie is the best way tospend your time compared to other alternatives.cost-benefit principle, the benefits of a longer movie exceed the costs when compared to a shorter movie.marginal principle, you should only continue to watch an additional movie if it is shorter than the first movie.interdependence principle, longer movies are affected by the market for shorter movies.

Opportunity cost refers to the cost of next best foregone. It is the cost of something that has to…

Your friend remarks that longer movies are a better deal than shorter movies because the ticket price is the same in cases. Therefore, the longer movie provides more benefit for the same cost as a shorter movie. Which of the following is the best argument against your friend's claim that longer movies provide more benefit than shorter movies? Based on the

Your friend remarks that longer movies are a better deal than shorter movies because the ticket price is the same in cases. Therefore, the longer movie provides more benefit for the same cost as a shorter movie. Which of the following is the best argument against your friend's claim that longer movies provide more benefit than shorter movies? Based on the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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dont chatgpt i will 3 upvot

Your friend remarks that longer movies are a better deal than shorter movies because the ticket price is the same in both
cases. Therefore, the longer movie provides more benefit for the same cost as a shorter movie.
Which of the following is the best argument against your friend's claim that longer movies provide more benefit than
shorter movies?
Based on the
opportunity cost principle, the length of the movie does not matter as long as watching a movie is the best way to
spend your time compared to other alternatives.
cost-benefit principle, the benefits of a longer movie exceed the costs when compared to a shorter movie.
marginal principle, you should only continue to watch an additional movie if it is shorter than the first movie.
interdependence principle, longer movies are affected by the market for shorter movies.

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