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
Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Assisting the patient to transfer from the bed or examining table to a wheelchair.
7-month-old Leslie —an example of cross-modal transfer
Holley’s two-dimensional cloverleaf model of transfer RNA
What single payment one year from now would be economically equivalent to payments of $1,000 ...