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.

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Definitions:

Productive Crops

Plants cultivated for agricultural purposes that yield a high volume of edible or useful produce.

Unstable

Lacking stability or predictability, potentially causing change, disorder, or chaos in physical, emotional, or social conditions.

Jared Diamond

An American scientist and author known for his work in geography, biology, and anthropology, particularly for the book "Guns, Germs, and Steel".

American Tropics

The American tropics encompass the tropical regions of the Americas, characterized by warm climates, rich biodiversity, and diverse ecosystems, ranging from rainforests to coral reefs.