Economists assume that rational people never use all available information as they act to achieve their goals. only weigh the benefits and costs of the most desirable alternative actions. undertake activities that benefit others and hurt themselves. respond to economic incentives.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economists assume that rational people never use all available information as they act to achieve their goals. only weigh the benefits and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
P19 - 104. in applying the lower of cost or market method to inventory valuation, market is defined as:
Answers (1)
Mindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000. She was relieved of her $25,000 share of partnership liabilities. What is Mindy's recognized gain or loss from the sale of her partnership interest? A.
Answers (1)
What is mass marketing? What is a potential drawback of mass marketing?
Answers (1)
Difference between private and public company
Answers (1)
Holdup Bank has an issue of preferred stock with a $6 stated dividend that just sold for $93 per share. What is the bank's cost of preferred stock
Answers (1)
New Questions in Business
The following information was taken from Baxter Department Store's financial statements: Inventory on January 1 $ 100,000 Inventory on December 31 300,000 Net sales 2,000,000 Net purchases 700,000 What was Baxter's inventory turnover for the year
Answers (1)
Which of the following is not a characteristic of monopolistic competition? a) The market is fragmented. b) There is free entry and exit. c) In the long-run equilibrium, firms earn positive profits.
Answers (1)
Wal-Mart has a highly sophisticated system of recording data and being able to view results. For instance, Wal-Mart managers know from their scanner data that five pair of Wrangler Blue Jeans were sold from 10:00 a. m. to 11:00 a. m.
Answers (1)
X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used.
Answers (1)
Which statement best defines the term "small business"? A. It is a publicly owned enterprise with at least 1,000 employees. B. It is a privately owned enterprise with less than 500 employees. C.
Answers (2)