Which of the Following Best Defines Rational Behavior

question 10

Multiple Choice

Which of the following best defines rational behavior?

• A)Analyzing the total costs of a decision
• B)Analyzing the total benefits of a decision
• C)Undertaking an activity as long as the total benefit of all activities exceeds the total cost of all activities
• D)Undertaking activities whenever the marginal expected benefit exceeds the marginal expected cost
• E)Undertaking activities whenever the average expected benefit exceeds the average expected cost

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Definitions:

Collaboration

Mutual efforts by two or more individuals who perform activities to accomplish certain tasks.

Business Partners

Individuals or companies that engage in a continuing relationship to conduct business or collaborate on a project.

Distribution Channel

The pathway through which goods or services flow from the producer to the consumer.

Sorting Centers

Facilities where items, such as mail, packages, or other goods, are sorted according to their destination or other criteria before being sent out for delivery or further processing.