Is sally displaying rational behavior

Assignment Help Microeconomics
Reference no: EM13966855

One of your classmates, Sally, is a hardworking student, serious about her classes, and conscientious about her grades. Sally is also involved, however, in volunteer activities and an extracurricular sport. Is Sally displaying rational behavior? Based on what you read in this chapter, construct an argument supporting the conclusion that she is.

Reference no: EM13966855

Questions Cloud

What is wrong with selling penny stock to potential investor : Research the following topic and post a short (250-word) response to the questions on the discussion board. In the vein of "Wolf of Wall Street", what is wrong with selling penny stock to potential investors?
Discuss these events and relationship to foreign investments : According to the World Trade Organization (WTO), a significant percentage of world trade relies on trade finance. Trade finance is trade credit and insurance guarantees, mostly of a short-term nature.
Aggressive and conservative working capital strategies : Compare and contrast aggressive and conservative working capital strategies. (Your comparison should address goals, liquidity, and risk)
Determine the bottleneck of this assembly line : Consider a two-station segment of an electronics assembly line. the first station consists of an automated machine that takes an average of 5.1 minutes to process a job. the machine is subject to failure so 20 percent of the jobs drop out after the f..
Is sally displaying rational behavior : One of your classmates, Sally, is a hardworking student, serious about her classes, and conscientious about her grades. Sally is also involved, however, in volunteer activities and an extracurricular sport. Is Sally displaying rational behavior? B..
Municipality to proposal bid for parking garage contract : Corecast Contractors has been requested by a municipality to submit a proposal bid for a parking garage contract. In the past, the cost of preparing bids has been about 2 percent of the cost of the job. Prepare a decision tree for the three options. ..
Briefly describe the trade-offs involved in each : Briefly describe the trade-offs involved in each of the following decisions. Specifically, list some of the opportunity costs associated with each decision, paying particular attention to the tradeoffs between present and future consumption. After..
Discuss the relationship between saving and consumption : Discuss the relationship between saving and consumption. In your discussion, distinguish between saving and savings. Consumer spending is directly affected by expectation of future income.
New machine for making parts for domestic appliances : Lars Van Hoek is about to install a new machine for making parts for domestic appliances. Three suppliers have made bids to supply the machine. The first supplier offers the Basicor machine, which automatically produces parts of acceptable, but not o..

Reviews

Write a Review

Microeconomics Questions & Answers

  Where the kentucky derby is held the first saturday

The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, KY. The racing track is one and one-quarter miles. The winners since 1990, their margin of victory, the winning time, and the payoff on a $2 bet.

  Calculate the slope of the as curve

Calculate the slope of the AS curve using data in the table/graph - Explain why the AD curve has the slope you calculated as a result of the "wealth effect" - Explain why the AD curve has the slope you calculated as a result of the "wealth effect".

  Calculate an own-price elasticity

Demand function Q=101603.210745184-16.269.7144609901*P+1.44286043518601*A (1) Using the estimated demand equation, calculate an own-price elasticity. (2) Discuss the meaning of the obtained own-price elasticity. Is it elastic? Inelastic?

  Explain two reasons a minority in a median-voter model

Explain two reasons a minority in a median-voter model is able to obtain net benefits through a restrictive trade policy that clearly harms that majority group and the country as a whole

  How would her trip plan and total cost change

How would her trip plan and total cost change if 25,000 flown miles were required? What if only 10 segments (and 20,000 miles) were needed?

  Differentiating between market structures in kudler

Differentiating Between Market Structures in Kudler - Differentiating Between Market Structures in an Organization of Your Choice

  Government spending on social security-medicare

From 1950 to today, government spending on Social Security, Medicare, and Medicaid as a percentage of GDP has

  Study conducted by the department of homeland security

Suppose that a study conducted by the Department of Homeland Security discovered that the average time it took passengers to go through the customs process for international flights arriving at the Atlanta airport was 33 minutes.

  Which of the two options should patricia pursue

Which of the two options should she pick if she plans to open a restaurant in the Los Angeles metropolitan area? Describe your answer, and show your calculations?

  Assuming that all other factors remain unchanged find out

assuming that all other factors remain unchanged determine how a firms break-even point is affected by each of the

  Which adviser was a better selector of individual stocks

Can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements in the market)? If the T-bill rate were 6% and the market return during the period were 14% which adviser would be the superior stock..

  Monopolistic competitor and a perfect competitor

Theoretically, assuming that the Average Total Cost structures are the same for a monopolistic competitor and a perfect competitor, which one will maximize its profit by producing more goods? Will its price be higher or lower than the other firm?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd