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Q: What rational people think about the margin?
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What are the Four elements of the economic way of thinking?

- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives


Four principles of economic decision making?

There are actually ten principles of economic decision making. The first four are, people face trade offs, the cost of something is what you give up to get it, rational people think at the margin, and people respond to incentives.


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Most rational people think they fought them.


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Then they believe in God and believe their lives are the better for it.


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Rational people thinks at the margin?

heard the saying, "More trouble than its worth?" Rational people will make decisions based on if the marginal benefits exceed the marginal cost. If you buy a used car, and plan to spend $10,000, but the car is only priced at $6,000, would you still buy it if it needed $5,000 in repairs? of course not because 1) you are a rational thinker and 2) you would end up spending more than you planned to. :)


A sentence for rational?

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Are man or women more rational buyers?

I think that women are more rational buyers.


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What do you think rational numbers cannot have denominators equal to zero?

If you have a rational number a/b, when b goes to 0, a/b goes to infinity, and people don't know how to deal infinities yet!