What is the difference between classical economics and behavioral economics? 1: classical economics deals with investing money and behavioral economics deals with spending. 2: classical economics refers to 19th century economics while behavioral economics deals with modern economics. 3: classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix. 4: there is no difference. they are different terms for the same thing.

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?