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Ken walks into an ice-cream parlor.Waiter: We have vanilla

Principles of Microeconomics | 7th Edition | ISBN: 9781285165905 | Authors: N Gregory Mankiw ISBN: 9781285165905 94

Solution for problem 5 Chapter 22

Principles of Microeconomics | 7th Edition

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Principles of Microeconomics | 7th Edition | ISBN: 9781285165905 | Authors: N Gregory Mankiw

Principles of Microeconomics | 7th Edition

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Problem 5

Ken walks into an ice-cream parlor.Waiter: We have vanilla and chocolate today.Ken: Ill take vanilla.Waiter: I almost forgot. We also have strawberry.Ken: In that case, Ill take chocolate. What standard property of decision making is Ken violating? (Hint: Reread the section on Arrows impossibility theorem.)

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Tracking Our Progress Name: ________________Hour: _______ Percentage of assignments completed: __________ # Due Date Assignment Title Assignment ObjectiveScore 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Goal Reflection Name: _________________Hour: ____________ I did / did not meet my goal because: ______________________________________________________________________________ ______________________________________________________________________________ _____________________________________________________________________________ Overall, I would rate my effort towards my goal: Excellent Good Fair Poor Next steps: ______________________________________________________________________________ _____________________________________________________________________________ Goal Reflection Name: _________________Hour: ____________ I did / did not meet my goal because: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Overall, I would rate my effort towards my goal: Excellent Good Fair Poor Next steps: ______________________________________________________________________________ ______________________________________________________________________________ Goal Setting Name: ________________ Hour: ____________ My last quiz/test score: _________________ Number of homework assignments: ___________ ___ Number of assignments I completed: ______________ Percentage of homework turned in: ________________ My SMART Goal: Specific – How exactly am I going to accomplish this goal _____________________________________________________________________________________ _______________________________________________________________________ ______________ Measurable – How will I know if I me et my goal _____________________________________________________________________________________ _______________________________________________________________________ _____________ Achievable – What steps am I going to take to reach my goal ___________________________ __________________________________________________________ _______________________________________________________________________ ______________ Relevant – How will meeting this goal help me _____________________________________________________________________________________ _________________________________________ ______________________________ ______________ Timely – How long will it take to reach this goal _____________________________________________________________________________________ __________________________________________ _____________________________ ______________ If my plan doesn’t work, then I will: _____________________________________________________________________________________ ____________________________________________________________ _________________________ Goal Reflection Name: _________________ Hour: ____________ I did / did not meet my goal because: ______________________________________________________________________________ ______________________________________________________________________________ _____________________________________________________________________________ Overall, I would rate my effort towards my goal: Excellent Good Fair Poor Next steps: ______________________________________________________________________________ _____________________________________________________________________________ Request to Retest Concept to retest: _________________________________________________ Previous Score: ________ Why __________________________________________________________________ __________________________________________________________________ Three things I did to improve my understanding of the concept: 1. _____________________________________________________________ 2. _____________________________________________________________ 3. _____________________________________________________________ I request the opportunity to retest this concept. I have worked hard to improve my understanding of this concept. Signed: _______________________________________ Hour: _________ Tracking Our Progress Name: ________________ Hour: _______Percentage of assignments completed: __________ # Due Assignment Title Assignment Objective Score Date 1 / / 2 / / 3 / / 4 / / 5 / / 6 / / 7 / / 8 / / 9 / / 1 / / 0 1 / / 1 1 / / 2 1 / / 3 1 / / 4 1 / / 5 1 / / 6 1 / / 7 1 / / 8 1 / / 9 2 / / 0 2 / / 1 2 / / 2 2 / / 3 2 / / 4 2 / / 5 2 / / 6 2 / / 7 2 / / 8 2 / / 9 3 / / 0 Goal Setting Name: _____________ ___ Hour: ______ Previous Quiz/Test Score: ___________ Number of Assignments: ______ Number of Assignments You Completed: ________ Percentage of Assignments Completed: __________ Specific What do you specifically want To increase your test scores To turn in all your homework Measurable How will you know you met this goal Will you have all of your homework completed on time Will you have an A on your next test Achievable How are you going to reach this goal By studying X amount daily By completing all your homework By coming in at lunch to practice Relevant Is this goal worth your time Is it important for you to reach Timely When will you reach your next goal How many weeks or months By your next test New SMART Goal: ______________________________________________________________________________ ______________________________________________________________________________ Goal Reflection Name: _________________Hour: ____________ I did / did not meet my goal because: ______________________________________________________________________________ ______________________________________________________________________________ _____________________________________________________________________________ Overall, I would rate my effort towards my goal: Excellent Good Fair Poor Next steps: ______________________________________________________________________________ _____________________________________________________________________________ Request to Retest Concept to retest: _________________________________________________ Previous Score: ________ Why __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ Three things I did to improve my understanding of the concept: 1. _____________________________________________________________ 2. _____________________________________________________________ 3. _____________________________________________________________ I request the opportunity to retest this concept. I have worked hard to improve my understanding of this concept. Signed: __________________________________________________________ Tracking Our Progress Name: ________________ Hour: _______ Percentage of assignments completed: __________ # Due Date Assignment Title Assignment Objective Score 1 / / 2 / / 3 / / 4 / / 5 / / 6 / / 7 / / 8 / / 9 / / 10 / / 11 / / 12 / / 13 / / 14 / / 15 / / 16 / / 17 / / 18 / / 19 / / 20 / / 21 / / 22 / / 23 / / 24 / / 25 / / 26 / / 27 / / 28 / / 29 / / 30 / /

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Chapter 22, Problem 5 is Solved
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Textbook: Principles of Microeconomics
Edition: 7
Author: N Gregory Mankiw
ISBN: 9781285165905

Since the solution to 5 from 22 chapter was answered, more than 404 students have viewed the full step-by-step answer. The answer to “Ken walks into an ice-cream parlor.Waiter: We have vanilla and chocolate today.Ken: Ill take vanilla.Waiter: I almost forgot. We also have strawberry.Ken: In that case, Ill take chocolate. What standard property of decision making is Ken violating? (Hint: Reread the section on Arrows impossibility theorem.)” is broken down into a number of easy to follow steps, and 45 words. This full solution covers the following key subjects: . This expansive textbook survival guide covers 22 chapters, and 222 solutions. Principles of Microeconomics was written by and is associated to the ISBN: 9781285165905. The full step-by-step solution to problem: 5 from chapter: 22 was answered by , our top Business solution expert on 09/09/17, 04:24AM. This textbook survival guide was created for the textbook: Principles of Microeconomics, edition: 7.

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Ken walks into an ice-cream parlor.Waiter: We have vanilla