Give an example of a recent purchase for which you used a rule of thumb in your
Question:
Give an example of a recent purchase for which you used a rule of thumb in your decision-making process. Did your decision follow the principle of rational choice? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Adon PM
I had taken home tution for 11th and 12th grade students for around 2 years. Being part of a program initiated for the upliftment of backward caste students, being a group of 4, we had visited nearby schools and conducted classes for them during saturdays as a social service. I mainly focuss on maths.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
"internet radios" for streaming audio, and personal video recorders and players. Describe design and evaluation processes that could be used by a start-up company to improve the usability of such...
-
Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...
-
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
-
The Lean Philosophy attempts to reduce setup times, which will: A.) Increase Batch Sizes B.) Not Affect Batch Sizes C.) Increase Within-Batch Wait Time D.) Decrease Within-Batch Wait Time
-
Why is it more practical to use mercury in the barometer shown in Figure 15-6 than water? Figure 15-6, Vacuum (P = 0) %3D - Pt
-
Lower bound = 0.102, upper bound = 0.348, n = 1000 Determine the point estimate of the population proportion, the margin of error for each confidence interval, and the number of individuals in the...
-
In 1970, Rose Mary Knick purchased 90 acres of land in Scott Township, Lackawanna County, Pennsylvania. In 2008, another resident of Scott Township discovered documents that suggested that one of...
-
The following are a series of unrelated situations. 1. Halen Companys unadjusted trial balance at December 31, 2014, included the following accounts. Halen Company estimates its bad debt expense to...
-
An annuity, paid in advance, is indexed to inflation at a rate of r% per period. What is the present value of this indexed annuity given a requirement of an effective investment rate of i% per period...
-
Economic experiments have found that individuals prefer an outcome where no one is made better off to an outcome where the welfare of only some is improved if that improvement in welfare is unequally...
-
Although the share of Americans who say they are very happy hasnt changed much in the last five decades, the number of products produced and consumed per person has risen tremendously. How can this...
-
Identify one contingency theory of leadership that you feel has greatest practical signifcance, and comment on its features.
-
Regular IRAs versus Roth IRAs You want to save \(\$ 2,000\) today for retirement in 40 years. You have to choose between the two plans listed in (i) and (ii). i. Pay no taxes today, put the money in...
-
Suppose, in a hypothetical economy, that the chairman of the Fed unexpectedly announces that he will retire in one year. At the same time, the President announces her nominee to replace the retiring...
-
Continue with the setup from Problem 5, but suppose now that borrowing restrictions do not allow young consumers to borrow. If we call the sum of income and total financial wealth "cash on hand,"...
-
Suppose that every consumer is born with zero financial wealth and lives for three periods: youth, middle age, and old age. Consumers work in the first two periods and retire in the last one. Their...
-
Using the information in this chapter, label each of the following statements true, false, or uncertain. Explain briefly. a. If there are no statistical discrepancies, countries with current account...
-
Economists use a cumulative distribution called a Lorenz curve to describe the distribution of income between households in a given country. Typically, a Lorenz curve is defined on [0, 1] with...
-
A copper wire (density = 8.96 g/cm 3 ) has a diameter of 0.25 mm. If a sample of this copper wire has a mass of 22 g, how long is the wire?
-
For the long- run total cost function LTC (Q) = Q2 + 10 Sketch ATC, AVC, AFC, and MC.
-
When the average product of labor is the same as the marginal product of labor, how will marginal cost compare with average variable cost?
-
A firm purchases capital and labor in competitive markets at prices of r = 6 and w = 4, respectively. With the firms current input mix, the marginal product of capital is 12 and the marginal product...
-
1. You are given the following data Year HPR of Stock A HPR of Stock B 2019 12% 35% 2020 15% 7% 2021 10% 40% 2022 23% 10% (1) Calculate expected rate of return for each stock . (2) Calculate standard...
-
The given pipe line carries water with a discharge of 0.05 m/s. Diameter of the pipe is 100 mm. Pressure at section (1) and (2) are measured as P-50 kPa and P2-30 kPa, respectively. Calculate the...
-
Sister Tool Co. is considering investing in specialized equipment costing $612,000. The equipment has a useful life of five years and a residual value of $68,000. Depreciation is calculated using the...
Study smarter with the SolutionInn App