1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
3 years ago
14

Please label each scenario below as to whether or not the person is acting rationally, making choices leading to the outcome the

y desire most. Steven's family is at a Korean restaurant. He orders some spicy barbeque pork, but it tastes terrible. They can't get a refund or replacement, so he leaves it uneaten. His parents are dismayed, as this is a better meal than they ever had growing up, but he sees no point in suffering more than he has. Steven is... Jacklyn obtains her first credit card. Since she sees its balance separate from her checking account, she spends $10,000 on designer clothes she can't really afford. She figures it's alright since she doesn't have to pay it until later. Jacklyn is... Brian's economics professor assigns online homework due at 11:55 PM. Although Brian cares about the grade more than anything else going on, he doesn't begin the assignment until 11 PM, even though previous ones took two hours. He doesn't expect this one to be any easier but figures if he's just more focused this time he'll finish with time to spare. Brian is...
Business
1 answer:
likoan [24]3 years ago
6 0

:Answer: Steven is Acting Rationally,

Jacklyn is Acting Irrationally, Brian is acting irrational

Explanation:

Rational behavior refers to a thoroughly thought out decision-making process that people make result in thier benefit alone

For irrational behaviours, choices are made without thinking thoroughly and do not benefit the individual.

Here, Steven acted RATIONAL by leaving the restaurant because the meal according to me does not taste well, he would rather leave than manage what is detrimental to him.

Jacklyn acted lRRATIONAL because she spends more than what she can, in the long run, this will not be beneficial to her.

Brian also acts IRRATIONAL because he reduces to do his assignment at the right time, knowing fully well the cons of behaving like this will not be beneficial to him.

You might be interested in
If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen
Natali [406]

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>
  • A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
  • The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
  • Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
  • Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
  • If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

brainly.com/question/14316066

#SPJ4

6 0
2 years ago
Charmingbells inc. has been running into a loss gradually, but the board of directors are reluctant to shut the company down bec
Elena L [17]
The situation best outlines Competitive Failure. In financial aspects, advertise disappointment is a circumstance in which the portion of products and ventures isn't proficient. That is, there exists another possible result where no less than one individual might be improved off without exacerbating another person off.
6 0
3 years ago
Read 2 more answers
when your combining like terms and there is only a negative outside of the parethisis what do you do??
ruslelena [56]
You mutiply the outside number by the 1st number on the inside of the paranthesis
6 0
3 years ago
Read 2 more answers
​If, in the long​ run, real GDP returns to its potential​ level, then in the long​ run, A. the Phillips curve represents a struc
Arada [10]

Answer:

C. the Phillips curve is vertical

Explanation:

Philips Curve shows the inverse relationship between inflation rate & unemployment level. High inflation rate implies low unemployment rate; and low inflation rate implies high inflation rates. Economic growth (output rise) leads to inflation & reduces unemployment ; Economic slowdown (output fall) leads to deflation & increases  unemployment.  

However; In long run, real GDP (output level) returns to its potential​ level. So; output level defining the inverse relationship (trade off) between inflation rate & unemployment level, is stable. Hence, inflation rate & unemployment level have no inverse (trade off) relationship & they are unrelated. Therefore, the long run Phillips curve is vertical.  

7 0
4 years ago
Read 2 more answers
This year Randy paid $29,050 of interest on his residence. (Randy borrowed $464,000 to buy his residence, and it is currently wo
Luden [163]

Answer:

the last part of the question is missing, so I looked for it:

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

b. Randy had no investment income this year, and his AGI is $75,000.

a) Randy can deduct $31,575:

  • the mortgage interest is deductible
  • the car loan interest is not deductible
  • he can deduct $4,725 - $2,200 = $2,525 as investment interest expense

b) Randy can deduct $29,050

  • the mortgage interest is deductible
  • the car loan interest is not deductible
  • since he had no investment revenue, he cannot deduct any investment interest expense

5 0
3 years ago
Other questions:
  • On July 15, 2018, the Nixon Car Company purchased 1,100 tires from the Harwell Company for $50 each. The terms of the sale were
    6·1 answer
  • Identify all of the correct statements:
    7·1 answer
  • Company X issues variable-rate debt but wishes to fix its interest rates because it believes the variable rate may increase. Com
    8·1 answer
  • Vernon, the chief human resources officer at a consultancy firm, prepares a plan formally detailing the dos and don'ts of the co
    6·2 answers
  • accountant for Huckleberry... The accountant for Huckleberry Company is preparing the company's statement of cash flows for the
    9·1 answer
  • Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides
    11·1 answer
  • When is it better to file married filing separately?
    14·1 answer
  • Look at the pic. Help me pls.
    5·1 answer
  • On July 1, 20X1, Georgia Inc., which uses UOP depreciation, purchases a machine for $16,000; the company estimates that the mach
    12·1 answer
  • Hello guys, it's me Mickey Mouse!
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!