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Ghella [55]
3 years ago
11

What explanation might an economist provide why some people smoke cigarettessmoke cigarettes when such behavior can lead to heal

th​ consequences? some people likely smoke cigarettessmoke cigarettes because
a. they undervalue the utility from current choices.
b. they overvalue the utility from current choicesthey overvalue the utility from current choices.
c. their preferences are consistent over timetheir preferences are consistent over time.
d. they overestimate the future costs of current choicesthey overestimate the future costs of current choices.
e. they overvalue the utility to be received in the future from not getting lung cancernot getting lung cancer. "some people likely smoke cigarettes because"?
Business
1 answer:
vlada-n [284]3 years ago
4 0

What explanation might an economist provide why some people smoke cigarettes when such behavior can lead to health​ consequences?

Some people likely smoke cigarettes because they overvalue the utility from current choices. Although these people know they are smoking cigarettes which can lead to cancer, the benefits they feel they are receiving from them are valued higher than the consequences they may receive.

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Answer:

They are creeping, walking, galloping, and hyperinflation. There are specific types of asset inflation and also wage inflation. Some experts say demand-pull and cost-push inflation are two more types, but they are causes of inflation. So is the expansion of the money supply.

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<h3>What is the show field list?</h3>

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2 years ago
(Table: Cherry Farm) Use Table: Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industr
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Answer:

500

Explanation:

please find attached the table referred to in this question and a second table where marginal cost is included

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply.

in a perfect competition, price = marginal cost = marginal revenue

Marginal cost = total cost 2 - total cost 1

e.g. marginal cost at 2 units of output = $7 - $2 = $5

Hank and Helen would supply at the point  where marginal cost is equal to $5.

looking at the second attached table, there are two points where marginal cost is equal to $5. at output 1 and output 5.

at output one, Hank and Helen would be earning a loss because total cost is greater than total revenue. so they would not supply at this point.

at output five, Hank and Helen would earn a profit and thus would supply at 5 units of output.

Since all firms face and identical cost structure, the industry supply would be 100 x 5 = 500 pounds

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