What is the difference between classical economics and behavioral economics?

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Answer 1
Classical economics stresses that people are rational creatures who seek to maximize utility/increase possible benefit. But behavioral economics stresses that humans are irrational in a predictable way, dependent on context.

Related Questions

Rules that prevent the creation and behavior of are called antitrust laws.

Answers

To prevent monopolies. The law was also created to make competition in the market place.
Rules that prevent the creation and behavior of monopolies are called antitrust laws. 

If the judge determines that the plaintiff has brought a frivolous lawsuit against the defendant, then the judge may decide to _____


a.

Sentence the plaintiff to jail time

b.

Charge the plaintiff with a criminal offense

c.

Order the plaintiff to pay court costs for the defendant

d.

Forbid the plaintiff from bringing any further lawsuits

Answers

Your answer is C Order the plaintiff to pay court costs for the defendant

I have a law degree :)

If the judge found the plaintiff had done frivolous lawsuit against the defendant, then the judge have the authority to order the plaintiff to pay the court cost for the defendant.

What are the remedies in the favor of defendant for the frivolous lawsuit?

Courtroom has implemented so many laws against the frivolous lawsuit in order to protect the interest of the parties.

If the plaintiff file a wrong case in against of the defendant, then judge may help the prevailing party to get the court fee and attorney's charges as well from the plaintiff as a punishment.

In the case of the frivolous lawsuit, judge can dismiss all the claims and ca make the decision.

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Kali owns dog trotters, a dog-walking business that she started to earn money after school and supplement her allowance. she planned to keep all the profits, and has kept things simple by putting a flier on the bulletin board at the local grocery store announcing that she was available to provide this service. kali's business is a:

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Kali’s business is considered to be sole proprietorship. This type of business is where one person handles the business that he or she owns and that he or she is liable with the debts and in running the business that he or she owns or has established.

Kali owns a service providing sole proprietorship business. A sole proprietorship business is a business type wherein there is only one owner of the business and the single owner is the one who will handle the cost and the profits as well as the day to day operations of the business. 

Frisco offers to buy a gibson guitar owned by hayden for twice what she paid for it. she accepts and hands the guitar to frisco. her delivery of the guitar is

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The answer is  consideration
consideration in business refers to the factors that sellers or buyers take into account when doing a certain transaction.
In this particular case the delivery payment will be considered by hayden to determine the price in order to obtain the profit that she desired from the transaction.

Her delivery of the guitar is considered to be a consideration because of the following circumstances in which Hayden paid for the guitar that is as twice paid for. Consideration is a way of exchanging a performance towards another party .

True or false? the major advantage of a mass market strategy is recognizing people's differences in shopping patterns.

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The answer is false.
It is not the major advantage of a mass market strategy that recognizing people's differences in shopping pattern, instead of advantage it is in the limitations of mass marketing strategy.
A market strategy in which a firm have the authority to ignore the market segment differences and with this a firm can also appeal with one strategy or offer to the whole market, is known as mass marketing strategy.

Suppose the albedo of a planet is measured to be 40 percent. this means that:

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If the albedo of a planet is found to be 40 percent, this means that 40 percent of the energy of the sun is reflected. Albedo is an idea used in astronomy, the management of the earth's environment, and in the field of climatology.

If the fixed costs of opening an internet-based, artisan soap business are $2,000, the price is $6 per unit and the variable costs are $2 per unit sold, the break-even point is _____ units.

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First, we must see how much profit is made per bar.  6-2=4 dollars per bar.  2000/4=500, so 500 bars must be sold to break even.  Please mark Brainliest!!!

A funding source that makes it easier for entrepreneurs to get money with favorable terms is referred to as:

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The answer is:  "peer-to-peer lending" .
______________________________________________

What does it mean when gylcogen is broken down to glucose molecules?

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it means it has become sugar

Chelsea wants to know about the requirements for being a lab technician. Where could she find that information?

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Chelsea is curious about what it takes to become a lab technician. The data was available to her through school or public library resources.

What is a lab technician?

A lab technician is someone who works in a lab, executing analytical or experimental processes, maintaining lab equipment, and supporting scientists in their job.

Among the many scientific disciplines where lab technicians are employed are forensic science, pathology, chemistry, biomedical science, and physics. The terms "laboratory assistants" and "laboratory technical officers" are sometimes used to refer to different levels of staff. The formal academic credentials that laboratory technicians may possess include associate degrees, which are frequently earned through vocational training. Typically, they are overseen by manager of a laboratory.

The following are the duties and responsibilities of a lab technician: Accept, label, and analyse samples; plan and carry out laboratory tests; follow established protocols, Observe and evaluate research results, Arrange and store all chemical components while doing tests.

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Chelsea can learn about the requirements for being a lab technician by researching online resources like the CDC, talking to educational institution staff, and conducting informational interviews with professionals in the field.

Requirements for Being a Lab Technician:

If Chelsea wants to know about the requirements for being a lab technician, she can find this information in several ways.

Research Online: Websites like the CDC have resources including guidelines and certifications related to laboratory work. For example, the BSL guidelines outlined by the CDC provide useful information.Educational Institutions: Ask your science teacher or guidance counselor about opportunities to work with researchers at colleges or other institutions, which can provide hands-on experience and insights.Professional Interviews: Conduct informational interviews with professionals in the field, much like Jane did in the Health Sciences and Administration program. This approach can provide personalized and detailed advice on the necessary education and skills.

Additionally, programs like the Green Lab Certification Program regularly update their guidelines to reflect new best practices and advancements in technology. Engaging with such programs can offer ongoing professional development opportunities.

Which form of business ownership is the most common in the united states? master limited partnership corporations s corporation sole proprietorship?

Answers

The most common form of business ownership in The United States of America is the sole proprietorship. The sole proprietorship is also the simplest form of business ownership to create. In a sole proprietorship, there is only one owner of the business.

You want to restrict data entry to whole numbers greater than 100. what do you create to enforce this data-entry restriction

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You can use data validation to restrict the type of data or the values (say whole numbers greater than 100) that users enter into a cell. The most commonly used data validation is to create a drop-down list to an Excel cell. 

The best price index to use in calculating real gdp is

Answers

The answer is: The GDP deflator. 
That is the GDP deflator i think

Which of these statements is not true about business markets?
a. the purchase is always made by more than one individual
b. they can also be referred to as organizational markets
c. the purchase may be made to use in production of another product
d. the purchase may be made to resell the item
e. the purchase may be made to use in general daily operations?

Answers

The answer is A the purchase is always made by more than one individual

What is the most common type of economy today?

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Mixed is the most common type of economy today.
the united states, along with most other advanced nations, use a mixed economy. making it the most common.

Economic reformers, called ______, added to the call for government reforms and changes in the taxation system

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Economic reformers, called physiocrats, added to the call for government reforms and changes in the taxation system. This appears to be a question used in a history class addressing Western Civilization for high school level students.

The chance of receiving an actual return that differs from the one that is expected is called _____.

Answers

The answer in the space provided is risk. The risk that is received is considered by variability that may vary from a negative outcome or positive outcome in which are being assessed and are being evaluated in order to know them.

What is the point of completing a value assessment while searching for a career?
a) to use the resources of a qualified career counselor
b) to understand what kind of values are of interest to employers
c) to reveal how your own values may match certain career choices
d) to determine how many personal and work values you have

Answers

The answer to this question is C.(to reveal how your own values may match certain career choices)  for Plato users. I know this because i just had this question and I answered it and got it right.

The point of completing a value assessment while searching for a career is to reveal how your own values may match certain career choices. Thus the correct option is C.

What is a Career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achive the goals of life.

A value assessment investigates how much you appreciate particular items and individuals that will be helpful in your profession, as opposed to an interest assessment, which measures your interests in objects and people.

It ensures that the judgments you're choosing are in accordance with the fundamental purposes and goals of your business. The parameters for your emotional fulfillment and professional success can be influenced by your career values, which are crucial.

Therefore, option C is appropriate.

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The house committee that acts like a "clearing house" for the thousands of bills introduced each term is called the

Answers

The term that is being described above is the rules committee; the rules committee are responsible of having to take charge on bills in which they determine the rules of each bills and whether they are to consider it in the floor of the house.

Annie is self-employed and has $58,000 in income from her business. She also has investments that generated dividends of $3,000 and interest of $2,500. What is Annie’s self-employment tax for the year?

Answers

First, you need to know the self-employment taxes:
The self-employment tax is 92.35%
Social security tax is 12.4% and Medicare tax is 2.9% = (15.3%)

Dividends and interest are not a part of the income.

58000 * 92.35% *15.3% 
Turn the percentages into decimal form in order to multiply. You can do this by moving the decimals over twice or dividing each percentage by 100. 

58000*.9235 * .153 = $8,195.

Annie's self-employment tax for the year is $8,195. 

Annie's self-employment tax for the year is $8,195.

What is Self-employment?

A self-employed individual doesn't have a set employer who gives them a steady salary or paycheck.

Instead, they work for themselves. Independent contractors, sometimes known as self-employed people, are paid by directly contracting with a trade or business.

Self-employed people might be sole proprietors or independent contractors. A self-employed person may be skilled in one line of work but nevertheless engage in a variety of jobs.

Writers, independent contractors, attorneys, insurance brokers, salespeople, etc. are a few examples of self-employed people.

You must first be familiar with self-employment taxes:

92.35% is the self-employment tax rate.

Medicare tax is 2.9% and Social Security tax is 12.4%, for a total of 15.3%.

Interest and dividends are not included in the term "income."

58000 * 92.35% *15.3%

To multiply, convert the percentages to decimal form. You can accomplish this by multiplying each percentage by 100 or by moving the decimals over twice.

58000*.9235 * .153 = $8,195.

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Morphological types become useful temporal types if their frequencies change significantly through time and they are restricted in time. true

Answers

True. A morphological type can be a useful temporal type when subjected to a change and restriction of time. Example,  a morphological type that occurs only in strata dating between 1500 BP and 1000 BP can elevate into a temporal type. It is because artifacts that belong to the temporal turn up into an undated context.

to have demand, what must you have a) a desire for the item. b) the ability to pay for the item. c) the desire and the ability to pay for the item. d) a basic need and a constant supply of the item.

Answers

D a basic need for a constant supply of the item.

Steven is an effective and efficient manager. however, he is quite pessimistic and avoids social interactions. steven can be classified as an ________.

Answers

Introvert I believe this is correct?
I also believe the answer is "introvert".

Q 8.20: foti co. accepts a $1,000, 3-month, 12% promissory note in settlement of an account with bartelt co. the entry to record this transaction is as follows:

Answers

foti co. accepts a $1,000, 3-month, 12% promissory note in settlement of an account with bartelt co. the entry to record this transaction is as follows:Notes receivable -1000. Accounts Receivable -1000 if 12% promissory note in settlement of an account with bartelt co

Either ferrari or maserati does not make economy cars.

Answers

Neither of them do yeah

Answer:

That's true :)

Explanation:

John prints parking passes for the baseball stadium a week in advance. Three home games are scheduled next week. The stadium parking lot holds 15,000 vehicles. How many parking passes does John need to print?

Answers

the answer is: 45,000 parking passes

Total number of vehicles that the stadium can hold  = 15,000 vehicles.

Since the match happen in different days, John need to print the parking passes 3 times for each dates.

This means that the amount of parking passes that john need to print:

15,000 x 3

= 45,000 parking passes

Today, you are borrowing $7,800 to purchase a car. What will be your monthly payment if the loan is for four years at 6.45 percent interest?

Answers

Monthly payment if the loan for four years:

Given:

Total loan = $7800

Interest payment = 6.45 % per year

Length of payment = 4 years

Let X= monthly payment in dollars

X = (7800+ (7800*.0645) (4))/4*12

X = (7800 + (503.10)4)/48

X = (7800+2012.40)/48

X= 9812.40/48

X = 204.43 (rounded off)

A _____ economy is based on personal choice.

Answers

A "market economy is based on personal choice. 

Answer:

A Market economy is based on personal choice.

Explanation:

Edge 2021-2022

Scenario
b. at a business convention, you meet the managers of many organizations. you find that they hold different job titles. paul is the vice president for human resources at his company and amanda is the regional vice president for eastern united states at her firm. derek is the coordinator for sales and he reports to his marketing supervisor, as well as, to his department supervisor. in the context of scenario b above, paul works for a _____ organization.

Answers

This is a functional organization. This type of business has job titles and positions that are all specialized based upon specific roles. In addition, the hierarchy of the organization is structured so that the people that a person reports to also has expertise in the same field, so as to encourage continuity by all involved.

If an externality is present resulting in market failure then

Answers

Then the private benefit from consumption will will not be the same as the social benefit from consumption.

An externality is the impact of a buy or choice on a man group who did not have a choice in the occasion and whose interests were not considered. Externalities, at that point, are overflow impacts that fall on parties not generally engaged with a market as a maker or a buyer of a product or service. Externalities can be negative or positive, and externalities can come about because of either the production or the utilization of a good, or both.

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