This topic contains a solution. Click here to go to the answer

Author Question: Which of the following best describes rational behavior? a. analyzing the total expected costs of a ... (Read 58 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
Which of the following best describes rational behavior?
 a. analyzing the total expected costs of a decision
 b. analyzing the total expected benefits of a decision
 c. Continuing to undertake an activity until its total expected benefit no longer exceeds its total expected cost
  d. undertaking activities as long as the marginal expected benefit exceeds the marginal expected cost

Question 2

Which of the following is false?
 a. We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
  b. The most important nonmarket transaction omitted from GDP are services provided directly in the home.
  c. The value that individuals place on leisure is omitted in calculating GDP.
 d. All goods and services exchanged in the current period are included in this year's GDP.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

d

Answer to Question 2

d




audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Wow, this really help


adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

For a complete list of videos, visit our video library