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

Author Question: Which of the following best describes rational behavior? a. analyzing the total expected costs of a ... (Read 24 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Which of the following best describes rational behavior?
 a. analyzing the total expected costs of a decision
 b. analyzing the total expected benefits of a decision
 c. Continuing to undertake an activity until its total expected benefit no longer exceeds its total expected cost
  d. undertaking activities as long as the marginal expected benefit exceeds the marginal expected cost

Question 2

Which of the following is false?
 a. We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
  b. The most important nonmarket transaction omitted from GDP are services provided directly in the home.
  c. The value that individuals place on leisure is omitted in calculating GDP.
 d. All goods and services exchanged in the current period are included in this year's GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
Psychology for Living: Adjustment, Growth, and Behavior Today 11th Psychology for Living: Adjustment, Growth, and Behavior Today 11th
Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library