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

Author Question: Which of the following best describes rational behavior? a. analyzing the total expected costs of a ... (Read 16 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Which of the following best describes rational behavior?
 a. analyzing the total expected costs of a decision
 b. analyzing the total expected benefits of a decision
 c. Continuing to undertake an activity until its total expected benefit no longer exceeds its total expected cost
  d. undertaking activities as long as the marginal expected benefit exceeds the marginal expected cost

Question 2

Which of the following is false?
 a. We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
  b. The most important nonmarket transaction omitted from GDP are services provided directly in the home.
  c. The value that individuals place on leisure is omitted in calculating GDP.
 d. All goods and services exchanged in the current period are included in this year's GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Gracias!

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Serotonin and Risk-Taking Behavior Serotonin and Risk-Taking Behavior
Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats
Children with insecure attachments may show angry behavior with peers, which can lead to peer ... Children with insecure attachments may show angry behavior with peers, which can lead to peer ...
For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ... For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ...
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5 Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
Video: Epidural Hematoma

For a complete list of videos, visit our video library