Economic bads for which the desired quantity is less than what nature provides at a zero price.<span>
Those are items people would pay to avoid or get rid of. They are</span><span> the opposite of an </span>economic<span> good</span><span>
Examples of economic bads include: pollution, noise, unhealthy food, risk, losss of resources,...</span>
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.
It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
Rational decision-making examples include:
● A student chooses what to study in his post-secondary education.
● A commercial choice regarding what to buy for the company.
To know more about decision-making refer to:
brainly.com/question/1249089
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Answer:
2 tickets
Explanation:
the cost of membership is $25.
Cost of a ticket is $25
All cost get a 40 % dicsount
membersships earns a further 10% discount
total discount ofr membership eqauls 50%( 40+10)
There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket
To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}
Answer:
Why am I sending this message?
What do I hope to achieve by sending this message?
