A Rational Decision Maker Takes an Action If and Only

question 42

Multiple Choice

A rational decision maker takes an action if and only if

• A)the average benefit of the action exceeds the average cost.
• B)the average cost of the action exceeds the average benefit.
• C)the marginal benefit of the action exceeds the marginal cost.
• D)the marginal cost of the action exceeds the marginal benefit.

---

Definitions:

Cultural Hegemony

The dominance of one cultural group or its beliefs and values over others, leading to societal norms that marginalize alternative perspectives.

Ethnocentrism

The belief that one’s in-group is superior to all out-groups.

Cultural Relativism

The idea that something can be understood and judged only in relationship to the cultural context in which it appears.

Language

A system of communication used by a particular community or country, comprising spoken, written, or signed forms.