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Rational choice by an individual implies a. the use of some mathematical model w

ID: 1222520 • Letter: R

Question

Rational choice by an individual implies

a.

the use of some mathematical model when solving a problem

b.

making decisions aimed at achieving some predetermined goal

c.

that only monetary costs and benefits are weighed

d.

that an individual will never regret any action taken

e.

that scarcity can be eliminated for that individual

a.

the use of some mathematical model when solving a problem

b.

making decisions aimed at achieving some predetermined goal

c.

that only monetary costs and benefits are weighed

d.

that an individual will never regret any action taken

e.

that scarcity can be eliminated for that individual

Explanation / Answer

making decisions aimed at achieving some predetermined goal

making decisions aimed at achieving some predetermined goal