Topic 01.10.2025

Topic 01.10.2025

от Светлана Евгеньевна Ситникова -
Количество ответов: 13

Class 4. Answer the questions.

1. In what sense can an criminal person be regarded as engaging in rational behavior?

2. Suppose the marginal benefit to you of acquiring another suit this year is 200$. If the price of suits is 250, and you are rational, will you buy one?

Re: Topic 01.10.2025

от Малик Албарадан -
Of course. Here are the answers to your questions, suitable for a Class 4 level of understanding.

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1. In what sense can a criminal person be regarded as engaging in rational behavior?

From an economics perspective, a criminal can be seen as acting rationally in the sense that they are making a cost-benefit decision.

This doesn't mean their action is morally right or good for society. It simply means that, from the criminal's point of view, they have decided that the benefits of the crime (for example, the money they steal) are greater than the costs of the crime (for example, the risk of getting caught and going to jail).

In their own mind, they have "weighed the pros and cons" and chosen the action they believe is most beneficial to them, which is the essence of rational choice.

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2. Suppose the marginal benefit to you of acquiring another suit this year is $200. If the price of suits is $250, and you are rational, will you buy one?

No, you will not buy the suit.

reasoning:

· Marginal Benefit: The extra happiness or value you get from the new suit is $200.
· Marginal Cost: The price you have to pay for the suit is $250.

A rational person makes a decision by comparing the benefit to the cost. If the cost is higher than the benefit, it is not a rational choice. In this case, you would be paying $250 for something you only value at $200. You would be losing $50 in value, so it is better to keep your money.

Re: Topic 01.10.2025

от СААД КХУКХИ -
1. A criminal can be regarded as engaging in rational behavior if they believe the expected benefits (e.g., money, power, satisfaction) outweigh the expected costs (e.g., risk of punishment, guilt, effort). In other words, they make a calculated choice to maximize their personal gain.


2. No. Since the marginal benefit ($200) is less than the price ($250), the marginal cost exceeds the marginal benefit, so a rational person would not buy the suit.

Re: Topic 01.10.2025

от Анасс Эль Фатими -

(1) Economic theories simplify reality so that the underlying cause-and-effect relationships among variables can be understood.


(2) Economic variables are quantities or dollar amounts that have more than one value.


(3) An economic model is a simplified way of expressing a theory.


(4) abstractions from reality, and it is necessary to establish the environment and motivation of people for which the theory holds.


(5) A hypothesis is a statement of relationship between two variables that can be tested by empirical verification.


(6) economic principles or laws (or simply "laws" in some contexts).


(7) ceteris paribus, invisible hand.

Class 4:

Here are the answers:





1. In what sense can a criminal person be regarded as engaging in rational behavior?



In economics, a person is considered rational if they make decisions that they believe will maximize their personal benefit, given the information and constraints they face.


A criminal can be viewed as rational if they commit a crime because they believe the expected benefits (money, goods, revenge, satisfaction, etc.) outweigh the expected costs (risk of arrest, punishment, guilt, social consequences).


This does not mean the behavior is moral—only that it follows a cost-benefit reasoning.





2. Suppose the marginal benefit to you of acquiring another suit this year is $200. If the price of suits is $250, and you are rational, will you buy one?



No.

A rational person buys something only if:




Here:


  • Marginal benefit = $200
  • Marginal cost = $250



Because:


200 < 250


the marginal cost exceeds the marginal benefit.


Therefore, a rational person would not buy the suit.