stion 3 stion 4 astion 5 estion 6 uestion 7 When economists state that people respond...

  

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stion 3 stion 4 astion 5 estion 6 uestion 7 When economists state that people respond to economic incentives, who are the people that respond to incentives? O customers only O firms only O customers and firms O neither customers nor firms stion 5 stion 6 estion 7 estion 8 What does it mean to say that optimal decisions are made at the margin? OA. The optimal decision is to continue any activity up to the point where the marginal benefit equals the marginal cost OB. Most decisions are "all or nothing and require full commitment to one activity before moving to the next OC. The optimal decision is to continue any activity to the end, even if the marginal benefit is less than the marginal cost OD. Most decisions are made considering the marginal benefit without considering the marginal cost stion 3 stion 4 astion 5 estion 6 uestion 7 When economists state that people respond to economic incentives, who are the people that respond to incentives? O customers only O firms only O customers and firms O neither customers nor firms stion 5 stion 6 estion 7 estion 8 What does it mean to say that optimal decisions are made at the margin? OA. The optimal decision is to continue any activity up to the point where the marginal benefit equals the marginal cost OB. Most decisions are "all or nothing and require full commitment to one activity before moving to the next OC. The optimal decision is to continue any activity to the end, even if the marginal benefit is less than the marginal cost OD. Most decisions are made considering the marginal benefit without considering the marginal cost

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Answer The correct answer is A Only customer An incen... View the full answer