A Rational Decision Maker Takes an Action Only If the

question 90

Multiple Choice

A rational decision maker takes an action only if the

• A)marginal benefit is less than the marginal cost.
• B)marginal benefit is greater than the marginal cost.
• C)average benefit is greater than the average cost.
• D)marginal benefit is greater than both the average cost and the marginal cost.

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Definitions:

Insula

In ancient Roman architecture, a multi-story apartment building that housed the urban population of cities like Rome.

Basilica

In Roman architecture, a public building for legal and other civic proceedings, rectangular in plan, with an entrance usually on a long side. In Christian architecture, a church somewhat resembling the Roman basilica, usually entered from one end and with an apse at the other.

Domus

A Roman private house.

Severus and Celer

Architects believed to be responsible for the design and construction of Nero's Golden House (Domus Aurea) in Rome, showcasing innovative Roman architecture and engineering.