Among a Set of Alternatives with the Same Benefits,an Individual

question 26

Multiple Choice

Among a set of alternatives with the same benefits,an individual is said to optimize if she chooses an alternative that ________.

• A) has the lowest total cost
• B) has the highest total cost
• C) has the highest indirect cost
• D) has the lowest opportunity cost

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Definitions:

Collective Action

Activities undertaken by a group of people with the aim of achieving a common goal.

Union Density

The proportion of workers in a labor market that are members of labor unions.

Solidarity Theory

A sociological perspective emphasizing unity or agreement within a society, particularly in support of mutual interests or following shared norms and values.

Crowds

Large groups of people gathered together in a particular location, often sharing a common purpose or spontaneously forming.