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Author Question: The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation ... (Read 97 times)

jake

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The marginal cost of a vacation in Jamaica is 3,500 . The marginal benefit to Jordan of a vacation in Jamaica is 3,000.
 a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time.
 b. According to the rule of rational choice, Jordan will experience a net gain of 500 if he vacations in Jamaica.
  c. According to the rule of rational choice, Jordan should borrow 500 and vacation in Jamaica.
 d. According to the rule of rational choice, Jordan will experience a net gain of 3,000 if he vacations in Jamaica.

Question 2

Capital formation is a key component of economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false



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kalskdjl1212

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Answer to Question 1

a

Answer to Question 2

True




jake

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ricroger

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Reply 3 on: Yesterday
Gracias!

 

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