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Mice21 [21]
4 years ago
13

In economics, rational decisions occur when

Business
2 answers:
joja [24]4 years ago
6 0

Answer:

Explanation:

Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. The word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

The benchmark for making effective decisions. Rational decision making brings a structured or reasonable thought process to the act of deciding. ... This can be very important when making high value decisions that can benefit from the help of tools, processes, or the knowledge of experts.

labwork [276]4 years ago
4 0

Answer:

rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs. Deciding by thinking at the margin is just like making any other decision. A rational decision occurs when the marginal benefits of an action equal or exceed the marginal cost.

Explanation:

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Home produces two goods: computers and wheat. Capital is specific to computers, land is specific to wheat, and labor is mobile b
kaheart [24]

Answer:

The appropriate answer is "capital intensive, land intensive".

Explanation:

  • Throughout Home than anything in Abroad, the whole no-trade income of farmers would be significantly greater, even though Home has fewer land assets than International. Throughout Home, then it does in International, the whole no-trade rate of electronics would be smaller, as Home does have more capital resources than International.
  • If the market is established, the comparative commodity price throughout the home will be decreased through trade as well as rise throughout foreign trade. If an exchange is expanded, the capital demand would rise at home as well as the rent overland throughout foreign countries will rise.

This will take effect even though the international availability of land will increase but instead international demand for resources will keep increasing.

7 0
4 years ago
8. Chocolates bought at 5 for £6 are sold at 2 for £3, find:
s344n2d4d5 [400]

1. Divide price by quantity:

6/5 = 1.20 each


2. 3/2 = 1.50 each


3. profit/ loss = sold - purchased price

1.50 - 1.20 = 0.30 profit

4 0
3 years ago
An example of a push strategy is ________. organizing couponing campaigns utilizing newspaper advertising using television adver
Marianna [84]

Answer: Using television advertising

Explanation:

Push marketing strategy, refers to the strategy whereby take its products to the consumers in order to increase the exposure of the product.

Push marketing simply means pushing the brand through the use of promotions and paid advertisiment. On the other hand, pull strategy draws customers towards the product.

6 0
3 years ago
Which of the following is a disadvantage faced by a franchise business owner that would not be encountered by an independent bus
Sergeu [11.5K]

Answer:

b. franchising fees and royalties

Explanation:

an independent business owner would not encounter this.

4 0
3 years ago
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Which tax is not withheld from an employee paycheck??
Vedmedyk [2.9K]

Answer:

c

Explanation:

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