Multiple Choice
Behavioural economics
A) studies the activity of the human brain when a person makes an economic decision.
B) studies psychology by using the economist's toolbox.
C) studies the ways in which limits on the human brain's ability to compute and implement rational decisions influences economic behaviour.
D) was used extensively in the development of marginal utility theory.
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Ben spends $50 a year on 2
Q2: Diminishing marginal utility means that<br>A)Ralph will enjoy
Q3: The fact that your fourth slice of
Q4: Danny has $12 to spend on two
Q6: Total utility is always<br>A)greater than marginal utility.<br>B)less
Q7: Marginal utility theory predicts that a rise
Q8: A behavioural economist will explain Tom's donation
Q9: Chuck and Barry have identical total utility
Q10: Martha and Sarah have the same preferences,face
Q11: Billy likes candy and popcorn.Candy sells for