Author Question: Jared declines to purchase a new bicycle priced at 200 . Therefore: a. Jared does not enjoy riding ... (Read 72 times)

fbq8i · **on:** Jun 30, 2018

Jared declines to purchase a new bicycle priced at 200 . Therefore:
a. Jared does not enjoy riding a bicycle.
b. the expected marginal benefit of the bicycle to Jared exceeds 200 that could be spent on other things.
c. the expected marginal benefit of the bicycle to Jared is less than 200.
d. None of the above is true.

Question 2

Thomas Malthus believed that in the long run, the growth rates of real GDP would not exceed population growth.
a. True
b. False
Indicate whether the statement is true or false