In Marx's ideal communist society, the state
does not exist
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Behavioral economics
a. helps explain why economic decision makers maximize either utility or profit b. assumes that people behave "as if" they are maximizing something. c. is a subfield of economics, but one that is rejected by most economists d. explains why irrational behavior is better than typically "rational" behavior. e. points out that some human behavior is not consistent with any type of maximization
A problem that often arises in policy and program evaluation is that individuals (or firms or cities) choose whether or not to participate in certain behaviors or programs.
Answer the following statement true (T) or false (F)
Based on the model, the firm’s M? function must be
Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q; MSB = 30 – 0.3Q; MEB = 0. a. M? = 20 – 0.8Q c. M? = 0.3Q b. M? = 20 – 0.5Q d. M? = 20 – 0.1Q
A copyright for works created by individuals are in effect for the life of the creator plus ________ years.
A) 95 B) 100 C) 120 D) 70