This topic contains a solution. Click here to go to the answer

Author Question: With a unanimity decision-making rule, external costs are _____. a. zero b. indeterminate c. ... (Read 183 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
With a unanimity decision-making rule, external costs are _____.
 
  a. zero
  b. indeterminate
  c. high
   d. minimized

Question 2

Consumers do not prefer gifts-in-kind to cash gifts.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

True. It is possible the consumer would buy the same gift with cash and therefore be just as well off. If the consumer bought something other than the gift, that means that this something else is preferred to the gift. At best, the gift yields the same utility as would have been achieved with the cash, but never more.




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library