What is bill new consumption choice
Problem: Monster is running a major promotion and is selling for $.50 a can. What is Bill's new consumption choice?
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Discuss how Thomas Jefferson's actions as president did or did not stay true to the principles expressed in his First Inaugural Address.
Economists make three types of assumptions when developing models: Negligible assumptions (we assume things that do not impact the model do not matter}
Clearly and logically explain how cognitive biases affect decisions. Illustrate with at least two examples from Korea 1950 case study.
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