The marginal cost of a vacation in Jamaica is $3,500 . The marginal benefit to Jordan of a vacation in Jamaica is $3,000.
a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time
b. According to the rule of rational choice, Jordan will experience a net gain of $500 if he vacations in Jamaica.
c. According to the rule of rational choice, Jordan should borrow $500 and vacation in Jamaica.
d. According to the rule of rational choice, Jordan will experience a net gain of $3,000 if he vacations in Jamaica.
a
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Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?
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If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2016, and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2016, what will the Bureau of Labor Statistics do
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