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Author Question: The costs which can be avoided if we alter our decisions or choices are referred to as: a. average ... (Read 96 times)

Yolanda

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on: Jun 30, 2018
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


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Ahnyah

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

C

Answer to Question 2

d


Yolanda

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

isabelt_18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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