A Rational Decisionmaker

question 153

Multiple Choice

A rational decisionmaker

• A)ignores marginal changes and focuses instead on "the big picture."
• B)ignores the likely effects of government policies when he or she makes choices.
• C)takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
• D)takes an action only if the combined benefits of that action and previous actions exceed the combined costs of that action and previous actions.

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Definitions:

Credit Card Applications

Forms or online processes submitted by individuals seeking to obtain a credit card from a financial institution.

Local Area Networks

A network of connected devices in a specific geographical location, such as a home or office, that share resources and data.

Intranet

A private network accessible only by an organization's staff, often used to share information, operational systems, or computing services within the organization.

Wireless Local Networks

A type of computer network that uses wireless data connections between network nodes to allow devices to connect to the internet or exchange data wirelessly over a short distance.