Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 01, 2024

2. A rational decision is one that a. satises all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner

image text in transcribed

2. A rational decision is one that a. satises all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most preferred by decision makers. d. assigns available resources to the uses with the lowest opportunity costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of The Sulphur Industry

The Economics Of The Sulphur Industry

Authors: Jared E Hazleton

1st Edition

1317353927, 9781317353928

More Books

Students also viewed these Economics questions

Question

★★★★★

A clinical trial compares the new drug described in Exercise 1 to aspirin. The group using the new drug had somewhat fewer heart attacks than those in the aspirin group. a) The P-value from the...

Answered: 1 week ago

Question

★★★★★

A 5.00-kg chunk of ice is sliding at 12.0 m/s on the floor of an ice-covered valley when it collides with and sticks to another 5.00-kg chunk of ice that is initially at rest. Since the valley is...

Answered: 1 week ago

Question

★★★★★

What are your current research studies?

Answered: 1 week ago

Question

★★★★★

Renee and Sanjeev Patel, who are married, reported taxable income of $273,000 for 2016. They incurred positive AMT adjustments of $38,000, negative AMT adjustments of $14,000, and tax preference...

Answered: 1 week ago

Question

★★★★★

Word Problem 17-17 [LU 17-3 (1)] Bill Blank signed an $7,600 note at Citizen's Bank. Citizen's charges a 6.60% discount rate. Assume the loan is for 260 days. a. Find the proceeds. (Use 360 days a...

Answered: 1 week ago

Question

★★★★★

Research Project 1 Instructions Research project 1: Market structures and Pricing Strategies Pricing strategy varies significantly across different market structures of perfect competition,...

Answered: 1 week ago

Question

★★★★★

Explain the goal of a denial-of-service (DoS) attack. How are these attacks initiated? How can they be prevented?

Answered: 1 week ago

Question

★★★★★

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...

Answered: 1 week ago

Question

★★★★★

CIRCUIT #2 5. Once again, put three resistors and a battery on the work area. Change each of the resistances to the values in the table below. Use a battery voltage of 12 volts. Build the circuit...

Answered: 1 week ago

Question

★★★★★

Three steel plates are joined together using two rivets that have a diameter of 16 mm. The plates have a width L of 8.0 cm. The central plate has a thickness of 2.0 cm and the other two plates have a...

Answered: 1 week ago

Question

★★★★★

February 1 - Brady and Manning decide to start up a partnership. Brady brings in $10 000 cash and equipment costing $60 000, with $17 000 in the accumulated depreciation account. The fair market...

Answered: 1 week ago

Question

★★★★★

10. What is meant by the statement, it is the expectation that something will happen that creates actions?.

Answered: 1 week ago

Question

★★★★★

8. Why do we select some facts and not others when we want to communicate something to others?

Answered: 1 week ago

Question

★★★★★

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Previous Question Next Question