Author Question: Economic theory can predict or explain behavior A) in the private but not in the public or ... (Read 68 times)

deesands · **on:** Jun 29, 2018

Economic theory can predict or explain behavior

A) in the private but not in the public or government sector of society.
B) most successfully in areas where behavior is largely guided by foresight and planning.
C) only when behavior aims at maximizing net monetary revenue.
D) when people behave selfishly rather than in the public interest.

Question 2

Refer to the scenario above. What is the present value of the gift voucher for Jim?

A) 12 utils
B) 22.5 utils
C) 90 utils
D) 180 utils