According to the Rule of Rational Choice, What Must Occur

question 134

Multiple Choice

According to the rule of rational choice, what must occur for an individual to be willing undertake an activity?

• A) The expected marginal benefits must be less than the expected marginal costs.
• B) The total costs must exceed total benefits.
• C) The expected marginal benefits must be greater than the expected marginal costs.
• D) The expected marginal benefit must equal the expected marginal cost.

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Definitions:

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