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- how "framing effect" in economy from behaviorual economy affects managers decision making for increasing companies' profit?What is incrementalism? How does it impact decision making? How does it differ from the rational-comprehensive theory? Provide an example.Can you complete this question entirely and provide the solutions.
- Please give reasoning for all options and explain properly.Evan knows his GPA would skyrocket if he could break his horrible habit of procrastinating. An example of a commitment device Evan could use would be: Question 46 options: a to allow himself one hour of leisure for every half-hour of studying he does each day. b to exercise before studying in order to be refreshed. c to pay a student to meet him each afternoon for 2 hours in the library to ensure he studies every day. d All of these are commitment devices.Which of the following economic concepts can be defined as the next best alternative given up when individuals, business, and governments conform scarcity by making choices