A Rational Decision Maker Takes an Action If and Only

question 9

Multiple Choice

A rational decision maker takes an action if and only if

• A) the marginal benefit of the action exceeds the marginal cost of the action.
• B) the marginal cost of the action exceeds the marginal benefit of the action.
• C) the marginal cost of the action is zero.
• D) the opportunity cost of the action is zero.

---

Definitions:

Voluntary Participation

The principle that participants in research or activities choose to partake of their own free will, without coercion or undue influence.

Ethical Principle

Fundamental guidelines or rules that are adopted and followed by individuals or societies to determine what behaviors are considered right, wrong, good, or bad.

Anecdotal Evidence

Evidence based on personal accounts, observations, or stories, which may not be scientifically proven or reliable.

Reporting Biases

Distortions in reported information, often due to selective revelations or suppression of certain details, which can affect the reliability of data.