Author Question: The costs which can be avoided if we alter our decisions or choices are referred to as: a. average ... (Read 39 times)

Yolanda · **on:** Jun 30, 2018

The costs which can be avoided if we alter our decisions or choices are referred to as:
a. average costs.
b. opportunity costs.
c. marginal costs.
d. sunk costs.

Question 2

The study of decision making that assumes people are rational in a broad sense, even if they do not have complete and perfect information is called _____.
a. rational economics
b. reasonable economics
c. understandable economics
d. behavioral economics
e. optimal economics