rational decision, Microeconomics

what is rational decision and why it requires one''s choices be consistent with one''s goals?
Posted Date: 5/30/2012 7:27:17 AM | Location : United States







Related Discussions:- rational decision, Assignment Help, Ask Question on rational decision, Get Answer, Expert's Help, rational decision Discussions

Write discussion on rational decision
Your posts are moderated
Related Questions
What is the difference between decreasing marginal returns and negative marginal returns?

Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person. Indifference Curves 1. Indifferen

Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage


Question: i) Explain the main problems with government intervention. ii) Why and how do governments seek to control monopolies? iii) A country should specialise in the pr

The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect

The objective of the Government of Mauritius, as announced in the Budget Speech 2007/2008, is to target 2 million tourists by 2015. (a) Critically assess whether the target of

Q. What do you meant by Real GDP? Real GDP:Value of total gross domestic product (which is, all the services and goods produced for money in the economy) adjusted for effects o

Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) =  ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200

explain how scarcity impacts choice 2.expain the three steps process in economic analysis