Cash payments are generally preferable to in-kind payments when the utility of the transfer recipient is the only criterion because _____.
a. it is cheaper to distribute in-kind benefits
b. cash is necessary for utility maximization
c. recipients know their utility functions better than anyone else
d. of diminishing marginal utility
Question 2
If decision makers have limited ability to calculate profits from all possible combinations of options, they are said to have
A) dementia.
B) bounded rationality.
C) Pareto inefficiency.
D) a maximin problem.
Experiment of Lederberg and Tatum demonstrating gene transfer in E. coli.
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
The bobcat population has seen declines in the American Midwest, but is generally stable and healthy
Energy Transfer
Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ...
Find the equivalent replacement payments for the following scheduled payment.