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Author Question: An increase in congestion costs associated with a public good provided through clubs will _____. ... (Read 51 times)

audie

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on: Jul 1, 2018
An increase in congestion costs associated with a public good provided through clubs will _____.
 
  a. lead to new clubs being formed
  b. lead to a reduction in the optimal size of the club
  c. be unrelated to congestion costs
   d. lead to fewer clubs being formed

Question 2

Behavioral economics extends traditional economic models by
 
  A) including insights from psychology and human cognition models.
  B) modeling behavior rather than prices.
  C) admitting that individuals are irrational.
  D) admitting that incentives are very important.


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ttt030911

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

A


audie

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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