When Making Decisions, Both _____________ Costs and _____________ Costs Should

question 25

Short Answer

When making decisions, both _____________ costs and _____________ costs should be ignored, and only _____________ costs and _____________ benefits should be considered.

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Definitions:

Hypothetical Syllogism (HS)

A form of deductive reasoning that connects two conditional statements to arrive at a conclusion, if P then Q; if Q then R, therefore if P then R.

Modus Ponens (MP)

A valid form of argument where if a conditional statement ("if p then q") is accepted, and the antecedent (p) is true, then the consequent (q) must also be true.

Modus Tollens (MT)

A form of logical argument where, from "If P then Q" and "Not Q," it follows that "Not P."

Atomic Sentences

Simple sentences that cannot be divided into smaller meaningful elements within a logical structure.