« previous next »

Author Question: Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a ... (Read 70 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?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Wolf spider carrying its young in its egg sac. Wolf spider carrying its young in its egg sac.
Female scorpion Compsobuthus werneri carrying its young (white) Female scorpion Compsobuthus werneri carrying its young (white)
Ship Ship
Elusive ship Elusive ship
Kente prestige cloth (detail), Ghana, Ewe peoples. Kente prestige cloth (detail), Ghana, Ewe peoples.
Infant monkey is shown with cloth mother from Harlow’s studies. Infant monkey is shown with cloth mother from Harlow’s studies.
Video: Complement Proteins Animation

For a complete list of videos, visit our video library