A Rational Decision Maker Will Make a Change Only If

question 76

Multiple Choice

A rational decision maker will make a change only if:

• A) the marginal benefit from the change exceeds the average benefit from the change.
• B) there are no costs involved.
• C) the change increases social welfare.
• D) there is no uncertainty about the results of the change.
• E) the expected marginal benefit exceeds the expected marginal cost.

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