Examlex

Solved

A Rational Decisionmaker Takes an Action If and Only If

question 220

True/False

A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.


Definitions:

Artistic

Pertaining to or characteristic of art or artists, often indicating a talent for creating visually or audibly expressive works.

Realistic

Pertaining to the inclination to represent things as they actually are, without idealization or distortion.

Social

Relating to society or its organization, or the need for companionship or relationships with others.

Conventional

Adhering to accepted standards and practices; typical or traditional in nature.

Related Questions