The cost-benefit model used by economists is:
A) unrealistic because it is too detailed and specific to apply to most situations.
B) unrealistic because everyone can think of times when he or she violated the principle.
C) useful because everyone follows it all of the time.
D) useful because most people follow it most of the time.
Correct Answer:
Verified
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Q27: The Cost-Benefit Principle:
A)fully captures how people choose
Q28: All else equal, relative to a person
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Q30: Jen spends her afternoon at the beach,
Q31: Larry was accepted at three different graduate
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