To Make a Rational Choice,a Person

question 242

Multiple Choice

To make a rational choice,a person

• A) compares the extra benefits of one more unit to the extra costs of one more unit.
• B) adds the total benefits and the total costs and then compares the two totals.
• C) adds the total benefits to determine if the total is large enough.
• D) adds the total costs to determine if the total is small enough.
• E) takes account of all benefits and all opportunity costs, including both marginal costs and sunk costs.

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Definitions:

Genetic Sex

Determined by the chromosomes an individual possesses, typically XX for females and XY for males, influencing biological sex.

Females

Individuals of the human species who are biologically characterized by two X chromosomes.

Genetic Lottery

A metaphorical expression referring to the random and uncontrollable nature of genetic inheritance from parents to offspring.

Conceived

Thought of or formed an idea; in biological terms, refers to the moment a sperm fertilizes an egg leading to pregnancy.