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dem82 [27]
4 years ago
12

In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not

have to account for changes in marginal cost. c. We do not have to account for changes in marginal benefits. d. We have to consider both marginal costs and sunk costs. e. Incentives do not matter.
Business
1 answer:
serg [7]4 years ago
8 0

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.

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Answer:

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3500=40000m+2000

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the slope of the line will be 3/80 or 0.0375 and this tells the line is positive sloping.

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3 years ago
Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $
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Explanation:

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6 0
3 years ago
Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq
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The second option

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3 0
3 years ago
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ValentinkaMS [17]

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7 0
3 years ago
A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But abookstore orders only a
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Answer:

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