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Author Question: The rule of rational choice suggests that you will engage in more of an activity if: a. the total ... (Read 147 times)

mia

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on: Jun 30, 2018
The rule of rational choice suggests that you will engage in more of an activity if:
 a. the total benefit from that activity exceeds the total cost of the activity.
 b. the total cost from that activity exceeds the total benefit of the activity.
 c. the additional cost incurred as a result of the activity exceeds the additional benefit received.
  d. the additional benefit received as a result of the activity exceeds the additional cost incurred.

Question 2

How do pollution and crime affect GDP?


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heyhey123

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

d

Answer to Question 2

Pollution and crime are entirely left out of GDP calculations, even though they impact our well-being. Expenditures on crime and pollution control, however, do add to economic output and GDP.


mia

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

ktidd

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

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