According to the Rule of Rational Choice, an Individual Will

question 59

Multiple Choice

According to the rule of rational choice, an individual will undertake an activity as long as:

• A)the expected marginal benefit equals the expected marginal cost.
• B)the expected marginal benefits are less than the expected marginal costs.
• C)the expected marginal benefits are greater than the expected marginal costs.
• D)total costs exceed total benefits.
• E)total benefits exceed total costs.

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Definitions:

Amount of Land

The quantity or measure of land available, often discussed in the context of its use for agriculture, development, conservation, or other purposes.

Variable

An element, feature, or factor that is liable to vary or change, often used in statistical or mathematical models to represent data or conditions.

Fertility

The natural capability to produce offspring; in human contexts, it often refers to the actual reproduction rates among a population.

Location

A specific place or position where something exists or occurs, often considered in geographical or spatial terms.