Available From:10/8/2015 09:00 PM Due Date: Points Possible 100 Grade Category:

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Available From:10/8/2015 09:00 PM Due Date: Points Possible 100 Grade Category: Graded HW Description Policies: Question 14 of 14 10/22/2015 07:00 PM Map sapling leaming Please label each scenario below as to whether or not the person is acting rationally, making choices leading to the outcome they desire most Penalty Scheme - Fall 20 Steven's family is at a Korean restaurant. He orders some spicy barbeque pork, but it tastes terrible. They can't get a refund or replacement, so he leaves it uneaten. His parents are dismayed, as this is a better meal than they ever had growing up, but he sees no point in suffering more than he has. Steven is Jacklyn obtains her first credit card. Since she sees its balance separate from her checking account, she spends $10,000 on designer clothes she can't really afford She figures it's alright since she doesn't have to pay it until later. Jacklyn is.. You can check your answers You can view solutions after the due date You have four attempts per question Brian's economics professor assigns online homework due at 11:55 PM. Although Brian cares about the grade more than anything else going on, he doesn't begin the assignment until 11 PM, even though previous ones took two hours. He doesn't expect this one to be any easier but figures if he's just more focused this time he'll finish with time to spare. Brian is You lose 15% of the points available to each answer in your question for each incorrect at at that answer For multiple-choice questions, the penalty de on the number of choices available Julie's friend, Steve, offers her a $250 bet on a popular sporting event (involving a prolate spheroid ball). Julie knows the game and the two teams well and calculates a 70% chance of winning. Her friends advise against it, arguing that $250 is a lot to lose, but Julie considers it an acceptable risk and takes the bet. Julie is... ieTextbook i Help With This Topic iWeb Help & Videos iTechnical Support and Bug Reports Acting Rationally Acting Irrationally Previous Check Answer Next Exit Y Hint about us careers partnersprivacy policy terms of use contact ushelp www2.saplinglearning.com/contact-us-1

Explanation / Answer

1) Steve is acting rationally as the good is causing disutility to him.

2) Jacklyn is acting irrationally.

3)Brian is acting irrationally.

4) Julie is acting rationally.

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