This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When people make choices that (at the time and with the information they have at their disposal) ... (Read 38 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
When people make choices that (at the time and with the information they have at their disposal) give them the greatest amount of satisfaction, they are said to be:
 a. behaving irrationally.
  b. applying econometric models to their everyday behavior.
  c. living under a communist dictator.
  d. acting in their own self-interest.
  e. showing no willingness to plan for the future.

Question 2

If the marginal benefit Isaac derives from the consumption of another candy bar is greater than the price of the candy bar, then:
 a. Isaac will not purchase any more candy bars.
 b. Isaac will increase his total satisfaction by purchasing the candy bar.
  c. the opportunity cost of the candy bar is less than the price.
 d. Isaac's total utility will diminish if he purchases the candy bar.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

DNA replication is the basis for the perpetuation of life through time DNA replication is the basis for the perpetuation of life through time
Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
Children make a fast adjustment to a new culture, although, as with these Hmong children in ... Children make a fast adjustment to a new culture, although, as with these Hmong children in ...
Using a vacuum hose and a grounded test light to ground one cylinder at a time on a DIS. This works ... Using a vacuum hose and a grounded test light to ground one cylinder at a time on a DIS. This works ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Alternative Energy Sources

For a complete list of videos, visit our video library