Cash payments are generally preferable to in-kind payments when the utility of the transfer recipient is the only criterion because _____.
a. it is cheaper to distribute in-kind benefits
b. cash is necessary for utility maximization
c. recipients know their utility functions better than anyone else
d. of diminishing marginal utility
Question 2
If decision makers have limited ability to calculate profits from all possible combinations of options, they are said to have
A) dementia.
B) bounded rationality.
C) Pareto inefficiency.
D) a maximin problem.
The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
Male giraffe mounting a female. Only dominant males are generally able to mate.
Transferring Sterile Objects Using Transfer Forceps
Social Security Payments to Beneficiaries
Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products