Rational Economic Decision Makers Will Make a Change Only If

question 12

Multiple Choice

Rational economic decision makers will make a change only if

• A)the change is free of risk
• B)there are no costs involved
• C)their expectations are correct
• D)there is no uncertainty about the results of the change
• E)the expected marginal benefit exceeds expected marginal cost

---

Definitions:

Education

Engaging in the activity of acquiring or imparting organized teaching, specifically within the settings of schools or universities.

Cost of Paper

The expense associated with acquiring paper, often considered in contexts like publishing, office supplies, or manufacturing.

Academic Book Publisher

An entity that specializes in publishing scholarly works, such as textbooks and academic research books, for educational and research purposes.

Selling Price

The price at which an item or product is sold to the buyer.