FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When economists assume people make rational decisions, it means that people are always selfish. O people never make mistakes. a rational person can never appear

image text in transcribed
image text in transcribed
When economists assume people make rational decisions, it means that people are always selfish. O people never make mistakes. a rational person can never appear to make irrational decisions. O a rational person will respond to the benefits and costs associated with incentives

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

Business Driven Technology

Business Driven Technology

Authors: Paige Baltzan

5th edition

978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844

More Books

Students also viewed these Economics questions

Question

★★★★★
Mr. and Mrs. Lukert own a sole proprietorship and have no other source of income. This year, they paid $11,674 Massachusetts income tax, all of which is attributable to their business prot. Can they...

Answered: 1 week ago

Question

★★★★★
How can price ceilings, designed to ease the burden of scarcity in terms of money prices, make goods still more scarce and costly?

Answered: 1 week ago

Question

★★★★★
6.44 Find the normal approximation to P(355x 360) for a binomial probability distribution with n 400 and p=0.9.

Answered: 1 week ago

Question

★★★★★
Well-designed performance evaluation systems accomplish many goals. Consider the following actions: a. Comparing targets to actual results b. Providing subunit managers with performance targets c....

Answered: 1 week ago

Question

★★★★★
using pesudocode please. 5. Write an algorithm that calculates the summation of two given matrixes size n by n. Note: You can have access to the matrix elements by index, for example A(0,0) returns...

Answered: 1 week ago

Question

★★★★★
Which accountant (financial or managerial) would prepare each of the following reports: Income statement for the Gatorade division of PepsiCo Balance sheet for Walmart prepared in accordance with...

Answered: 1 week ago

Question

★★★★★
Typing your name at the end of an email typically constitutes an electronic signature under Queensland law. Provide an analysis and evaluation of the case law to date on whether an email header,...

Answered: 1 week ago

Question

★★★★★
identify any other country of interest to you besides the US, Iran, or Russia. You also should pick a country that no one else in your discussion board has analyzed. Then, post a short assessment of...

Answered: 1 week ago

Question

★★★★★
What term best describes that we have a proclivity to help those who are similar to us in terms of nationality, religion, race, gender, etc.?

Answered: 1 week ago

Question

★★★★★
Inspections are most effective when affected _____ actively participate in the inspection process. Active participation includes accompanying the inspector(s) on the walkthrough, serving as an...

Answered: 1 week ago

Question

★★★★★
A standard work year is 2 , 0 8 0 hours at the Luther Mill and it takes about 2 hours to fill a customer order. The manager at the mill is always concerned about employee idle time, so he aims for a...

Answered: 1 week ago

Question

★★★★★
Blossom Co . at the end of 2 0 2 5 , its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: \ table [ [ Pretax financial income,$ 6 5 0...

Answered: 1 week ago

Question

★★★★★
3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Answered: 1 week ago

Question

★★★★★
6. How can a message directly influence the interpreter?

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: (a) The dangers of mountain driving in an old Lada 4 4, and safety concerns. (b) We perceive the world backwards. (c) Numbers are different from words, but they...

Answered: 1 week ago

Previous Question Next Question