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10 months ago

a rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.

1 answer:

7 0

The only time a rational decision maker will choose an action is when the marginal utility of the activity is greater than the marginal cost of the action. Option A

This is further explained below.

<h3>A rational decisionmaker takes an action if and only if:?</h3>

The marginal cost is a term that refers to the change in the total cost that takes place as a direct consequence of an increase in the quantity of a product or service that is produced.

In the field of economics, this phrase refers to the amount of money that must be spent in order to produce one more unit of output.

In conclusion, if the marginal benefit of the action is greater than the marginal cost of the action, then the action will be conducted by a rational actor if there is a positive expectation that the action will have a net positive outcome. Alternative A

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Answer:

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Explanation:

Calculation to determine How much capacity do you need to buy for next round

Using this formula

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Answer:

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Explanation:

Internal Service Fund -

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Why is a weather specialist important on major incidents?

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3 years ago

A homeowner hired a contractor to finish her basement. They agreed on a price of $20,000 for the job. During the final stages of

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The inference is that the contractor will prevail because the homeowner agreed to the price increase.

<h3>What is an inference?</h3>

It should be noted that an inference simply means the conclusion that can be deduced based on the information given.

In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.

Learn more about inference on:

brainly.com/question/25280941

#SPJ1

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2 years ago