Which of the following is the best example of a precommitment used to overcome time inconsistency

A. Finding a running partner and setting a regular schedule of when you will run together.
B. Deciding to save a percentage of each month's paycheck.
C. Signing up for a free trial membership at the local gym.
D. Buying an alarm clock.


Answer: A

Economics

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When there is multicollinearity in an estimated regression equation,

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For most producing firms:

A. marginal cost rises as output is carried to a certain level, and then begins to decline. B. total costs rise as output is carried to a certain level, and then begin to decline. C. average total costs decline as output is carried to a certain level, and then begin to rise. D. average total costs rise as output is carried to a certain level, and then begin to decline.

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