The costs which can be avoided if we alter our decisions or ...

[Yolanda]

The costs which can be avoided if we alter our decisions or choices are referred to as:
 a. average costs.
  b. opportunity costs.
  c. marginal costs.
  d. sunk costs.

Question 2

The study of decision making that assumes people are rational in a broad sense, even if they do not have complete and perfect information is called _____.
 a. rational economics
  b. reasonable economics
  c. understandable economics
  d. behavioral economics
  e. optimal economics

[Ahnyah]

Answer to Question 1

C

Answer to Question 2

d

[Yolanda]

YES! Correct, THANKS for helping me on my review

[triiciiaa]

Thanks for the timely response, appreciate it