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Author Question: The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation ... (Read 65 times)

jake

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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


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kalskdjl1212

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


jake

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bigsis44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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