Which of the Following Statements About Rational Choices Is the Most

question 32

Multiple Choice

Which of the following statements about rational choices is the most accurate?

• A) They can only be made by comparing opportunity cost with the marginal cost.
• B) They are made based on expectations of the additional benefits and additional costs involved.
• C) They are based on a comparison of total benefits and total costs.
• D) They measure benefits based on the past.

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Definitions:

Categorical Proposition

A statement that asserts or denies something about all members of a category or class.

Predicate

A component of a sentence or clause that has a verb and expresses something regarding the subject.

Syllogism

A deductive argument with two premises and a conclusion.

Predicate Class

A group of elements that share a common property or attribute, as described by the predicate in a logical statement or equation.