Author Question: Which of the following is an example a lack of self-control that contradicts the conclusions of ... (Read 37 times)

CharlieWard · **on:** Jun 30, 2018

Which of the following is an example a lack of self-control that contradicts the conclusions of standard economic analysis?
a. Eating more food at an all-you-can-eat buffet
b. Playing video games all night even with an exam the following morning that will determine your semester grade
c. Decreasing the purchase of steak if the price increases 25
d. all of the above

Question 2

A monopsonist firm faces a negatively sloped marginal factor cost curve.
a. True
b. False
Indicate whether the statement is true or false