« previous next »

Author Question: Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a ... (Read 38 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant's:
 a. sunk cost.
  b. deadweight loss.
  c. marginal cost.
  d. opportunity cost.

Question 2

_____ is the understanding that perfect information is not likely to be available, and that as a result, people make decisions that in hindsight look irrational, but in reality are the rational results of a brain that is economizing.
 a. Reasoning
  b. Parametric determinism
  c. Rational ignorance
  d. Bounded rationality
  e. Dynamic inconsistency


owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Leafcutter ants carrying leaf fragments back to the nest where they will be processed to create a su Leafcutter ants carrying leaf fragments back to the nest where they will be processed to create a su
In the heat of the Battle of Lake Erie, Perry had to abandon his flagship, the Lawrence, which had b In the heat of the Battle of Lake Erie, Perry had to abandon his flagship, the Lawrence, which had b
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
If you walk 5.0 m horizontally forward at a constant velocity carrying a 10 N object, the ... If you walk 5.0 m horizontally forward at a constant velocity carrying a 10 N object, the ...
A transgenic mouse carrying a mutation in the human SOD1 gene that causes paralysis of the limbs. In A transgenic mouse carrying a mutation in the human SOD1 gene that causes paralysis of the limbs. In
Video: Structure of a Ribosome

For a complete list of videos, visit our video library