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 94 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
Excellent

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

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.
A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Summary of Coordination of Benefit Rules Summary of Coordination of Benefit Rules
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library