Author Question: Cash payments are generally preferable to in-kind payments when the utility of the transfer ... (Read 38 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
Cash payments are generally preferable to in-kind payments when the utility of the transfer recipient is the only criterion because _____.
 
  a. it is cheaper to distribute in-kind benefits
  b. cash is necessary for utility maximization
  c. recipients know their utility functions better than anyone else
   d. of diminishing marginal utility

Question 2

If decision makers have limited ability to calculate profits from all possible combinations of options, they are said to have
 
  A) dementia.
  B) bounded rationality.
  C) Pareto inefficiency.
  D) a maximin problem.



vseab

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

c

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library