Question: An incentive is a choice is made on the margin. a reward or a penalty that encourages or discourages an action. when people make rational

An incentive is
a choice is made on the margin.
a reward or a penalty that encourages or discourages an action.
when people make rational choices by comparing costs and benefits.
what you must give up, to get something.
An incentive is a choice is made on the margin. a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Prime Petroleum Inc. is considering an acquisition of a new production facility in order to expand production of it its main product, a gasoline additive Gas Gain. The cost of construction (first...

Q:

An incentive is when people make rational choices by comparing costs and benefits. a choice is made on the margin. a reward or a penalty that encourages or discourages an action. what you must give...

Q:

An incentive is Question content area bottom Part 1 A . a good or service that satisfies wants. B . what you must give up to get something. C . a choice is made on the margin. D . when people make...

Q:

An incentive is A ) when people make rational choices by comparing costs and benefits. B ) a good or service that satisfies wants. C ) what you must give up to get something. D ) a choice is made on...

Q:

Homework: Chapter 1 Homework 1 - Week 1 Question 2 5 , Multiple Choice Quiz 4 HW Score: 4 0 . 8 3 % , 1 6 . 3 3 of 4 0 points Points: 0 of 1 Question list Question 2 1 Question 2 2 Question 2 3...

Q:

A n s w er t h e f o ll o w in g q u es t i o n scorrec tl y : Attachments., 1.According to a WSJ article, in Britain, drug companies are paying for nurses to study patient charts to identify people...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

Board CHAPTER 1 Economics: Foundations and Models n this book, we use economics to answer questions such as the following What determines the prices of goods and services from bottled water to smart...

Q:

Reed these three chapters. Chapter 1, 8, and 9. Wryte a 2-3 paragrafff summary on each chapter. Be sure to label each chapter summary. play.google.com @ 5 + (107) Relaxing Music For Stress Relief,...

Q:

From the book Networks, Crowds, and Markets: Reasoning about a Highly Connected World. By David Easley and Jon Kleinberg. Cambridge University Press, 2010. Complete preprint on-line at...

Q:

Structure your organization's work to encourage wise choices. by John Beshears and Francesca Gino Leaders as Decision Architects ALL li"PLOYEES, from CEOs to frontline workers, commit preventab}e...

Q:

A solid circular bar of diameter d = 1.5 in. is subjected to an axial force P and a torque T (see figure). Strain gages A and B mounted on the surface of the bar give reading (a = 100 ( 10-6 and (b =...

Q:

A company has an account receivable turnover ratio of 4, an inventory turnover ratio of 6 in 360 days of operation. Assuming that all its capital is borrowed with an interest rate of 28%, what should...

Q:

Bernard drove 600 km from City P to City Q. The average speed of his return journey was 7 km/h faster and the time taken was 15 minutes less (i) If he drove at an average speed of x km/h on his...

Q:

An all equity firm generates cash flows (CFFA) of $100 million every year in perpetuity. Based on the risk of the cash flows, a discount rate of 20% is appropriate for the firm. The firm is...