1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ollegr [7]
3 years ago
7

Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs

Social Studies
1 answer:
e-lub [12.9K]3 years ago
3 0

Rational decision simply means a decision based on logic. It would be logical to say that people would always prefer more benefits than the cost they will be expending. Rational decisions indeed<span> occur when the marginal benefits of an action equal or exceed the marginal costs. No person would make a decision that would incur a loss in his part. Therefore, in order to say that you were able to have a rational decision, you have to bear in mind the profit you can gain out of it. Example of this is the decision on additional worker. Suppose you are paying $20</span><span> per worker and they produce 5,000 units. If you are to add additional worker, you will incur an additional $20 but it will also increase the production output to 8,000 units. Therefore, it would be a rational decision to employ another worker since the benefits would exceed the cost.</span> 

You might be interested in
I have the right to join a rally to protest the government but have the responsibility to......
Charra [1.4K]
What is the question?
5 0
3 years ago
Professor Wallace studied over 3,000 elderly individuals for a decade and found a statistically significant relationship between
Mumz [18]

Answer:

the results are unlikely to have occurred by chance and if the study is repeated under the same condition, a similar result is most likely to be gotten

Explanation:

For a result of a study to be statistically significant means that the result is unlikely to have occurred by chance or error since the error term has been considered during analysis and the study effect was still significant and that the study if repeated under the same conditions will must likely give the same result.

3 0
3 years ago
What does this quotation from the introduction of the Declaration of Independence do?
zavuch27 [327]
If I'm right, I think its, "Describe the<span> relationship between the colonies in Britain."
Hope this helps!</span>
8 0
3 years ago
Read 2 more answers
Nations involved in conflicts don't typically invest in drought relief efforts because
CaHeK987 [17]

Answer: They are more concerned about the conflict than any agricultural or land process. Moreover, those periods, it's really dangerous to embark on such, you could be a prey to the oppostion

Explanation:

During conflicts, there is a major instability across nation's involved. The economies are affected badly and there is little or no time for investment in agriculture, tourism or even restoring degrading landscape. Every party involved in the conflict are more concerned in those moments about security before other things, until it's not sorted out, other aspects may not be given priority

4 0
3 years ago
Advertisers like to align themselves with cool or hip. Slogans like "Sometimes you gotta Break the Rules,"(Burger King) "The Rul
-BARSIC- [3]

Answer:

Subversive mantras

4 0
3 years ago
Other questions:
  • Dimitri and Rita eat some donuts for breakfast and then spend the morning at an amusement park. After a few hours of riding the
    15·1 answer
  • Can you answer 3 please?
    13·1 answer
  • The psychological perspective that emerged in the 1950s and stressed free will, self-actualization, and human nature as naturall
    12·1 answer
  • Who is the president of the United States​
    14·2 answers
  • What were three effects of the Vietnam War on the United States?
    10·1 answer
  • Nicola tries to take steps to avert potential misbehavior by her children before it takes place. The moment she sees that her 4-
    8·1 answer
  • Type of government where representatives are elected by citizens
    8·1 answer
  • A problem with the behavioral measure for personality would be: (extra credit 2pts extra credit) Question 52 - A problem with th
    13·1 answer
  • Describe how gurus helped Hinduism grow.
    8·1 answer
  • Kala's grandparents immigrated from europe. kala holds such a strong belief that her ethnic group is superior to all others that
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!