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Author Question: The learning curve A) is really no different from a marginal cost curve. B) calculates average ... (Read 85 times)

james9437

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on: Jul 1, 2018
The learning curve
 
  A) is really no different from a marginal cost curve.
  B) calculates average cost at a particular point in time.
  C) shows the decrease in unit cost as more of the same product is produced over time.
  D) None of the above

Question 2

One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is
 
  A) people's personal discount rate is greater in the far future than in the near future.
  B) people's personal discount rate is smaller in the far future than in the near future.
  C) people's personal discount rate is the same in the far future as in the near future.
  D) None of the above.


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irishcancer18

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


james9437

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Reply #2 on: Jul 1, 2018
Thank you


irishcancer18

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Reply #3 on: Jul 1, 2018
No problemo


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