Question: John has a math test tomorrow. He has decided to go to the gym today and then study math for several hours. Which of the

John has a math test tomorrow. He has decided to go to the gym today and then study math for several hours. Which of the following statements is TRUE?

John's decision on how to allocate his time is consistent with the rationality assumption since the decision is intended to make him better off.

John did not use the economic way of thinking because his decision on how to allocate his time did not involve money.

John's decision does not involve his pursuit of self

-

interest.

John's decision on how to allocate his time is inconsistent with the rationality assumption since he has decided to go to the gym.

John has a math test tomorrow. He has decided to go

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