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

Author Question: The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation ... (Read 89 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation in Jamaica is 3,000.
 a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time.
 b. According to the rule of rational choice, Jordan will experience a net gain of 500 if he vacations in Jamaica.
  c. According to the rule of rational choice, Jordan should borrow 500 and vacation in Jamaica.
 d. According to the rule of rational choice, Jordan will experience a net gain of 3,000 if he vacations in Jamaica.

Question 2

Capital formation is a key component of economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
:D TYSM

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Cost of Going to School Cost of Going to School
question in cost accounting question in cost accounting
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Electrical changes in the heart

For a complete list of videos, visit our video library