What is opportunistic behavior and the example of it? Please asap.

Q: you find your opinion leaning towards traditional or behavioral economic beliefs?

A: Answer in step 2

Q: Select the correct answer. Which form of relativism states that people rely on their own standards…

A: A- It is based on the belief that all ethical decisions are deeply personal and that individual have…

Q: What are the likely consequences of not intervening?

A: The government can intervene in an economy through various ways and this can affect differently to…

Q: Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to…

A: Opportunity cost refers to the given up benefits to obtain some other benefits. That is the value of…

Q: Microeconomics concerned with?

A: Microeconomics is the study of individual units of the economy, while macroeconomics is the study of…

Q: Why do Economic agent make decisions at the margin

A: It is very important that decisions are made at the margin. Economic agent take risk factor and…

Q: If behavior is governed by rational self interest why do people make charitable contributions of…

A: Rational self-interest doesn’t mean pure selfishness and greed. It is not blind materialism. It…

Q: oDescribe 3 ways in which human decisions making differs from the rational individual conventional…

A: Behavioral economics is an approach towards economics which includes the psychological, communal,…

Q: Differentiate between positive economics and normative economics give atleast four difference

A: According to the given question In simple words we can say that economic is basically that social…

Q: What is a major difference between adaptive and rationalexpectations? Give an example of each.

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: How does cost-benefit analysis differ from cost-effectiveness analysis?

A: Definitions: Cost-benefit analysis:  A cost-benefit analysis assesses the profitability of…

Q: Give an example of something that is a good for one person and a bad for someone else???

A: In the case of producing or consuming some commodities, harmful or beneficial side effects arise and…

Q: A tradeoff is illustrated by?

A: A trade off is the opportunity cost of a good. In other words, it is the next best alternative that…

Q: What concept uses observable qualities in order to fill in missing informationwhen making a…

A: Where there is information missing in the market, that is only one party in the transaction has full…

Q: What are transaction costs? How does opportunistic behavior tend to increase transaction cost?

A: Cost: It refers to the goods and services price that is charged by the producer. The more the cost…

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: Are you happy or comfortable in all your decisions from the different situations why?

A: Yeah I can not say I'm happy but I'm satisfied You cannot be proud of your all decisions, because…

Q: Timothy received $100 for his birthday. He wants to buy either a new skateboard or a new mp3 player…

A: We only answer one question so we will answer the first one. Please submit a new question specifying…

Q: Peer pressure is an important influence on the behavior of youngsters. For instance, many preteens…

A: The peer pressure is defined influence that has been created on an individual or a group of people…

Q: MULTIPLE CHOICE (identify the one best answer below and explain your reasoning for each option):…

A: Given : James / Buzz Chicken  Rooster Chicken (3,3) (-10, 20) Rooster (20, -10) (-50, -50)

Q: Joab and his friends used to play a game where they put on a dog's electric fence collar and tried…

A: Economics is a branch of science which deals with the production, distribution, and consumption of…

Q: Banks do not take steps to increase security since they believe it is less costly to allow some bank…

A: The financial incentive that motivates someone to take action increases both their benefit and the…

Q: What makes Economic Decisions different from other Design Decisions?

A: The engineering economic decisions are investment decisions that are related to engineering…

Q: Do contemporary capitalist economies work this per-fectly?

A: Capitalism, often known as the capitalist economy, is an economic system in which private firms…

Q: describe ways in which human decisions making differs from the rational individual conventional…

A: The behavioural economics is the subfield of economics that integrates the insight of psychology…

Q: ccording to research, couples who live together before marriage are more like vorced, even after…

A: *Answer:  Option d. "Ye is the greatest rapper of all time. Post Malone is a rapper, and thus Ye is…

Q: Provide an explanation an economist might give showing why each statement is true: - scarcity always…

A: Scarcity exists where the demand tends to be larger than that of availability of resources. Or…

Q: Is the opportunity cost of an action a subjective evaluation?

A: Subjective evaluation refers to the judgment based on personal beliefs and opinions. According to…

Q: When individuals face viable alternatives, a) there is choice b) there is always cost c) A and B…

A: A choice or possible solution that might work is referred to as a viable alternative.

Q: Is it realistic to think that we account for rational behaviour in every situation?

A: Rational choice scholars are isolated on what the most satisfactory rendition of rational choice…

Q: What is scarcity

A: Scarcity is an economic concept which refers to the limited or low availability of the resources or…

Q: Herbert Simon, the Novel Prize-winning economist, described the rational model of decision-making in…

A: The model of Herbert Simon is a decision making model. According to this model, the decision making…

Q: Vhat would behavioral economics say about each of the following statemen 1. “Nobody is truly…

A: Behavioural Economics is the study of the decision making psychology of people.

Q: How does inherent value differ from instrumental value?

A: Inherent value and instrumental values are a part of the the environmental economics. They are used…

Q: Question: What Is Present Value Analysis And How Is It Useful In Economic Decision Making?

A: Present Value -  Present worth in Economics, is the current worth of a future amount of cash. It can…

Q: How can opportunity cost affect behavior?

A: The opportunity cost of any activity is the benefit from the next best alternative foregone to…

Q: Define Economics and its Types?

A: Economics is a branch of economics that examines human behavior with the objective of allocating…

Q: How is the Rational decision making a complex process?

A: Rational decision making is a multi-step process used for making bets decision or choice when…

Q: how "framing effect" in economy from behaviorual economy affects managers decision making for…

A: Business requires production. Production activities around the world have increased due to growing…

Q: Describe 3 ways in which human decision making differs from the rational individual conventional…

A:

Q: One topic of behavioral economics is?

A: Answer - Behavioral economic is abranch of economic which deals with the decision making and thought…

Q: What are the benefits of The Rational Decision-Making Process?

A: The process of rational decision making is used to make choices among the alternatives. Under this…

Q: Is it the possible for a person incur an opportunity cost without spending money?

A: Opportunity cost refers to the resources that are given up to produce some other good. Yes, it is…