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

Author Question: The costs which can be avoided if we alter our decisions or choices are referred to as: a. average ... (Read 74 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

C

Answer to Question 2

d




Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 30, 2018
Excellent


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

For a complete list of videos, visit our video library