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Sublight2097 Sublight2097
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8 years ago
Jones is hungry, but is willing to postpone lunch as long as he can have a much larger meal at dinner. The compensation of the larger meal at dinner time suggests that Jones
A) is a glutton.
B) acts irrationally because it is best to have three meals a day.
C) has a positive rate of time preference with regard to today's meals.
D) does not consider lunch to be a scarce good.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
Happy to help, let me know if you have any more requests.
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