Author Question: Janae donates 50 to the local Humane Society. This means she can't buy that new pair of shoes, which ... (Read 52 times)

Diane · **on:** Jun 29, 2018

Janae donates 50 to the local Humane Society. This means she can't buy that new pair of shoes, which according to her utility schedule, would have maximized her utility. This example illustrates the ________ aspect of behavioral economics.

A) bounded self-interest
B) bounded rationality
C) bounded will-power
D) empowerment effect

Question 2

In the figure above, the quantity of high-skilled labor employed is

A) 2,000 hours per day.
B) 4,000 hours per day.
C) 5,000 hours per day.
D) 7,000 hours per day.