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vodomira [7]
3 years ago
5

Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework sugges

ts people should act, or whether it is reserved for behavioral economists to examine. Example Consistent with the Predictions of Traditional Economic Models Reserved for Behavioral Economics Some people would be willing to make a large sacrifice in order to help a loved one. Some people choose to work fewer hours after receiving a raise at work. Some people prefer to spend an hour doing a task tomorrow to half an hour doing a task today, although the opportunity cost of their time is the same in both periods. Some people treat $70 they earn differently from $70 they win from a lottery ticket.
Business
1 answer:
Sliva [168]3 years ago
6 0

Answer:

Some people would be willing to make a large sacrifice in order to help a loved one = Consistent with the Predictions of Traditional Economic Models.

Some people choose to work fewer hours after receiving a raise at work = Consistent with the Predictions of Traditional Economic Models.

Some people prefer to spend an hour doing a task tomorrow to half an hour doing a task today, although the opportunity cost of their time is the same in both periods = Reserved for Behavioral Economics.

Some people treat $70 they earn differently from $70 they win from a lottery ticket = Reserved for Behavioral Economics.

Explanation:

The behaviors of people generally cannot completely be predicted. However, there are certain suggestions made on the behaviors of people by the traditional economic framework as well as the behavioral economists. These suggestions have been used by different professional to qualify the behaviors of people in a certain way (as illustrated in the answers above).

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why might a bank offer to make a loan to a consumer at a low initial rate which will increase after a set period of time?a. too
Whitepunk [10]

I believe the answer is: c. to make the loan look more attractive and competitive now

By offering it at low initial rate, the people who borrow money would experience low burden if they plan to return the money within short period of time. This would make them much more likely to obtain a loan, and it also would make the bank that create the loan program looks better compared to their competitors.

8 0
3 years ago
If my friend suzette worked for a total of 7 hours. how much should she be paid​
Ira Lisetskai [31]

Answer:

That would depend on the job that was done

Minimum wage would suffice depending on what state you're in

Or you could just look out for a friend and pay a fair price plus maybe something extra

Explanation:

5 0
4 years ago
Armando, a manager for Petros Pizza Pies (PPP), dies in an accident on July 12. PPP pays his wife, Penelope, $600 in salary that
stepan [7]

Answer:

Explanation:

Ms. P receives $6,000 from Company P due to her husband A's loyal service and She receives $600 that her husband earned prior to his death. Hence, Ms P earns a total of $6,600 ($6000 + $600) gross income.

The amount of $90,000 receive from the life insurance proceeds are excluded from the gross income.

Ms P's daughter receives $4,000 from company P. It should be included in her daughter income.

8 0
4 years ago
Willis Company had $200,000 in credit sales for 2016, and it estimated that 2% of the credit sales would not be collected. The b
HACTEHA [7]

Answer:

True

Explanation:

It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts  estimated.

The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000

Credit Sales $ 200,000

Cr Allowance for Uncollectible Accounts $ 4,000

Dr Accounts receivable $ 38,000

Net Realizable Value of Accounts receivable $ 34,000

7 0
4 years ago
Companies increasingly strive to achieve the ______ performance when formulating their corporate strategy.
user100 [1]

Answer:

triple bottom line

Explanation:

Companies increasingly strive to achieve the triple bottom line performance when formulating their corporate strategy. The triple bottom line (TBL) is a framework used in business that focuses on equally on social/environmental concerns as well as profits, thus creating three equal points of interest (bottom lines) which are profit, people, and the environment. This leads to a successful and balanced company.

8 0
3 years ago
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