Examlex
NAD in its reduced form is symbolized as
Opportunity Cost
The penalty of overlooking the closest preferable alternative in the course of decision-taking.
Satisfaction
The feeling of pleasure or contentment arising from meeting one's needs or expectations.
Rational Choice
A theory in economics that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.
Costs and Benefits
An analysis approach that compares the total costs and total benefits associated with a particular action or decision to determine its feasibility or worth.
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