I leave the keys in my car when I am home. People routinely ride bicycles without wearing a helmt. What is the most likely explanation for these types of behavior?O The marginal cost of removing my keys from the car and the marginal cost of purchasing and wearing a helmt are lower than the respective marginal benefitsO High discount rates cause people to value future costs and benefits too lowO The marginal costs of removing my keys from the car or wearing a helmet are highO People mistakenly estimate the probability of low frequency events at zero

Marginal benefit is described as the maximum price that a consumer is eager to pay for the cost of…

Answered: I leave the keys in my car when I am…

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter2: Managerial Decision-making

Section2.3: Programmed And Nonprogrammed Decisions

Problem 2CC: Give an example of a nonprogrammed decision.

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