Which of the Following Best Defines Rational Behavior

question 47

Multiple Choice

Which of the following best defines rational behavior?

• A) Analyzing the total gains from a decision
• B) Improving net gain by pursuing decisions as long as the marginal benefits exceed the marginal costs
• C) Seeking to gain by choosing to undertake actions as long as the marginal costs exceed the associated marginal benefits
• D) Seeking to maximize total gain regardless of cost

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Definitions:

Shoelaces

Shoelaces are a commonly used tool for fastening shoes, utilized to adjust the shoe's tightness and fit according to the wearer's preference.

Pavlov's Laboratory

The research facility where Russian physiologist Ivan Pavlov conducted his pioneering work on classical conditioning in the early 20th century.

Conditioning

A method of altering behavior where an individual learns to link a wanted behavior with a stimulus that was previously not related.

Salivation

The secretion and discharge of saliva, often triggered by the anticipation of food or by the smell or taste of food.