Hello, i have posted this question many times in chegg,but every time people answering this question to use aitool like chatgpt, please dont use gpt and other ai tool.Provide me original answers with proper explanations.thank you. Question: What does the term "Incentive"mean? (A) It is the opposite of a tradeoff. (B) It could be areward but could not be a penalty. (C) It could either be areward or a penalty. (D) It could be a penalty but couldnot be a reward. Please Don't use chatgpt or other aitool. If you know correct answer then attempt if you gavewrong answer then i gave 40 dislikes for you and morefrom my friends accounts also. This question will bereviewed by Chegg.

The objective of the question is to understand the meaning of the term 'Incentive' in the context of…

Answered: Hello, i have posted this question many…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Fill in the Blanks Type your answers in all of the blanks and submit Suppose you are a student at Blunter College in Fall 2021. You must decide how many courses to attend. Here is the relevant information about costs and benefits: The first course would give you a benefit worth 3000, the second course would give you a benefit worth 2300, the third course would give you a benefit worth 1500, and the fourth course would give you a benefit worth 500. For each course that you take, you give up 1000 in foregone income (the money you could have earned during the time spend on a course). Each course is priced at 1500. Suppose you have already paid fully for four courses, and this payment is non-refundable. Use marginal analysis to determine how many courses (0, 1, 2, 3, or 4) you actually decide to attend:
What are the usual steps in Benefit – Cost Analysis? a) Try to figure out what result or conclusion you want, and then set the assumptions to make sure the analysis produces that result. b) Identify the potential benefits and figure out a way to valuate them. c) Identify the potential costs and valuate them. d) Dismiss those benefits and costs to which you cannot assign a numerical value e) Estimate the probability of each of the benefits and costs actually materializing or occurring. f) Mulltiply the value of costs and benefits by their respective probabilities to arrive at the "mathematical expectation" or "mathematically expected" value. g) For costs and benefits expected in the future, especially distant future, discount their value to the present time, using a "reasonable" discounting rate.
e [due Mon] 5 Making Effective Decisions Often illustrated with a graph or a table, shows the results under different sets of assumptions. opportunity cost marginal analysis marginal thinking sensitivity analysis Save for Later JAN 18 080 MacBook Air 08 F3 DD F4 F5 F8 95
Hello, I need help with the question 5 and 6
3
N.B: it is not a graded question
Read over these resources for writing good introductions and conclusions. t, revise the introduction and conclusion using what you've learned. But remember--you may NOT use the internet to find information. Use your own experience and knowledge. For this,write a few sentences about how you used the resources to revise your draft. Introductions and Conclusions--LARC : https://www.grammarly.com/blog/start-an-essay/ Introductions from Grammarly : https://www.grammarly.com/blog/start-an-essay/ Conclusions from Grammarly : https://www.grammarly.com/blog/how-to-write-a-conclusion/?gclid=Cj0KCQjwkt6aBhDKARIsAAyeLJ23T6pYsFTrmPFi6_R-EKRAFxRNyoXR9RujMH573K3WFks_fwGChdAaAmOHEALw_wcB&gclsrc=aw.ds Working part-time at my local Dairy Queen has given me firsthand experience of the challenges associated with a $9 /hour wage. Despite putting in 36 hours (about 1 and a half days) weekly, the paycheck hovers around $250-$260, highlighting a stark economic reality. This scenario underscores the…
Question: What is another name for opportunity cost in economics?(a) Economic problem(b) Marginal Cost(c) Total Cost(d) Economic CostPlease Dont use AI tool.
plz solve both parts within 30-40 mins I'll give upvote
In economics, what is the term for the highest-valued alternative that must be sacrificed when making a decision? A. Marginal cost B. Opportunity cost C. Sunk cost D. Average cost
Which of the following involve a trade-off? a. Buying a new car b. Going to college O c. Watching a football game on Saturday afternoon O d. Taking a nap Oe. All of the answer choices involve trade-offs. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS