A Rational Decision Maker Takes an Action If and Only

question 9

Multiple Choice

A rational decision maker takes an action if and only if

• A) the marginal benefit of the action exceeds the marginal cost of the action.
• B) the marginal cost of the action exceeds the marginal benefit of the action.
• C) the marginal cost of the action is zero.
• D) the opportunity cost of the action is zero.

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Definitions:

Texas

A U.S. state located in the South Central region, known for its large size, diverse landscapes, and significant historical and cultural contributions.

French

Relating to France or its people, culture, language, or nation.

Yamasee

Refers to the Yamasee War, a conflict between British settlers of colonial South Carolina and various Native American tribes, including the Yamasee, in the early 18th century.

English

A West Germanic language originating in England, now globally dominant and widely spoken internationally.