Briefly discuss each of the following economic ideas: People are rational, people respond to economic incentives, and

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Briefly discuss each of the following economic ideas: People are rational, people respond to economic incentives, and optimal decisions are made at the margin?

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Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Nov 01, 2017 06:40 AM

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Briefly discuss each of the following economic ideas: People are rational, people respond to economic incentives, and

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People are rational is the assumption that decision makers explicitly o...View the full answer

Microeconomics

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