Multiple Choice
Refer to the graph below.Rodney has taken two trips to New York City at an average cost of $400 per trip.Which of the following is true?
A) Rodney is rational.
B) Rodney took too many trips
C) We cannot determine whether Rodney is rational given the available information.
D) Rodney took too few trips.
E) Rodney took the optimal number of trips.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Total donations raised
Q52: If there were no scarcity,it implies that<br>A)
Q53: Which of the following statements is an
Q54: To avoid the mistake of ignoring opportunity
Q55: David finds he has one hour of
Q57: Chuck offers $122,000 for a house.The seller
Q58: If the marginal costs of 1,2,and 3
Q59: The following table shows the relationship between
Q60: The following table shows the total benefit
Q61: The cost of spending an evening partying