A Rational Decision Maker Takes an Action If and Only

question 42

Multiple Choice

A rational decision maker takes an action if and only if

• A)the average benefit of the action exceeds the average cost.
• B)the average cost of the action exceeds the average benefit.
• C)the marginal benefit of the action exceeds the marginal cost.
• D)the marginal cost of the action exceeds the marginal benefit.

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Definitions:

Potential Employer

a business or individual who might hire someone as an employee.

Motivated

Having a strong desire or willingness to do something.

Application Letter

A written document sent to an employer by a job applicant, detailing their qualifications and interest in the position.

Specific Organization

A particular entity or structure set up to achieve a set of goals, often characterized by a unique culture, processes, and objectives.