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Swastika Shiwakoti
on Oct 08, 2024

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Susie knows that too many sugary treats,while delicious when eaten,have long-term adverse effects on weight and health.Based on this information,a neoclassic economist would expect Susie to:

A) carefully weigh the short-term benefits against the long-term costs and make a rational decision about how many treats to eat.
B) eat more sugary treats than is optimal,as she likely gives more weight to present events and outcomes than to ones in the future.
C) give away most of her sugary treats in an effort to resist temptation.
D) determine her fair share of the sugary treats available,and only eat those.

Neoclassic Economist

A school of thought in economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.

Sugary Treats

Sweet food items, often high in sugar content, considered indulgent or pleasurable to eat.

Rational Decision

A decision-making process based on logical reasoning and analysis of available information to achieve the most desirable outcome.

  • Attain insight into the essential tenets of behavioral economics in comparison with neoclassical economics.
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CJ
Crystal JacksonOct 09, 2024
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