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
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