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.

Question

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.

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.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Weekly leaderboard

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.