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Author Question: The price of a ticket to the latest Broadway musical is 80 . You will purchase a ticket if: a. you ... (Read 144 times)

jilianpiloj

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on: Jun 30, 2018
The price of a ticket to the latest Broadway musical is 80 . You will purchase a ticket if:
 a. you are acting irrationally
 b. you place a lower valuation on seeing the musical than 80 but are extremely bored.
  c. your expected marginal benefit from viewing the musical exceeds 80.
 d. your expected marginal cost from viewing the musical exceeds 80.

Question 2

Differentiate between personal income and disposable personal income.


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soda0602

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

Personal income measures the amount of income received by households before income taxes. Disposable personal income is the personal income available to individuals after taxes.


jilianpiloj

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

momolu

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Reply 3 on: Yesterday
Excellent

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