This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation ... (Read 90 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation in Jamaica is 3,000.
 a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time.
 b. According to the rule of rational choice, Jordan will experience a net gain of 500 if he vacations in Jamaica.
  c. According to the rule of rational choice, Jordan should borrow 500 and vacation in Jamaica.
 d. According to the rule of rational choice, Jordan will experience a net gain of 3,000 if he vacations in Jamaica.

Question 2

Capital formation is a key component of economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Summary of Coordination of Benefit Rules Summary of Coordination of Benefit Rules
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Rastafarian church in Jamaica Rastafarian church in Jamaica
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library