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

Author Question: Economists usually assume that people act in a rational, self-interested way. In explaining how ... (Read 177 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
Economists usually assume that people act in a rational, self-interested way. In explaining how consumers make choices this means that economists believe
 
  A) consumers will spend their incomes and time on activities that benefit themselves as much as possible, without regard to the welfare of others.
  B) consumers spend their incomes to order to accumulate the most goods and services.
  C) consumers make choices that will leave them as satisfied as possible given their incomes, tastes, and the prices of goods and services available to them.
  D) consumers will always buy goods and services at the lowest possible prices.

Question 2

Which of the following characterizes the market that Chipotle competes in?
 
  A) Fast-casual restaurants sell identical products.
  B) All fast-casual restaurants face horizontal demand curves.
  C) Barriers to entry are low.
  D) There are a small number of firms.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

More People Are Living in Cities More People Are Living in Cities
This image captures a protest of people who want the privilege of “naming” themselves. This image captures a protest of people who want the privilege of “naming” themselves.
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
People with Huntington disease develop problems with neuromuscular control and gradually lose the us People with Huntington disease develop problems with neuromuscular control and gradually lose the us
The distribution of the number of hours that a random sample of people spend doing chores per ... The distribution of the number of hours that a random sample of people spend doing chores per ...
Famous People with Parkinson's Disease Famous People with Parkinson's Disease
Video: Requirements for nervous signals

For a complete list of videos, visit our video library