A company has a dental plan for its employees. According to behavioral economics, the participation rate will be about the same wether people are given en easy enrollment form to fill out or are enrolled automatically but given en easy opt-out form to complete if they don’t want to participate

Suppose, unfortunately, your mathematics andeconomics professors have decided to give teststwo days from now and you can spend a total ofonly twelve hours studying for both exams. Aftersome thought, you conclude that dividing yourstudy time equally between each subject will giveyou an expected grade of C in each course. Foreach additional three hours of study time for oneof the subjects, your grade will increase one letterfor that subject, and your grade will fall oneletter for the other subject.48 PART 1 • Introduction to EconomicsCopyright 2019 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.a.…

What are four responses to the claim that people should not behave in the way described in this chapter?

Please solve a Suppose that without a seat belt, drivers who travel at 0 m.p.h. (mile per hour) have a 100% chance of staying alive, while drivers who travel at 100 m.p.h. have 0% chance of staying alive. Suppose that with a seat belt, drivers who travel at 0 m.p.h. have a 100% chance of staying alive, drivers who travel at 100 m.p.h. have a 50 % chance of staying alive and drivers who travel at 200 m.p.h. has no chance of staying alive. (a) Suppose a driver prefers more chances of staying alive to less, driving faster than slower. Draw and indifference curve diagram relating safety (measured by chance of staying alive) on the horizontal axis and speed (measured in m.p.h.) on the vertical. Draw the budget constraints of a driver with a seat belt and a driver without a seat belt. (You may assume these constraints are straight lines.) (b) True or False: If speed and safety are both normal goods, then the invention of seat belts will certainly make people drive faster, but might or might…