A rational decision maker takes an action if and only if

Social Studies

1 answer:

Crank3 years ago

3 0

A rational decision maker takes action if and only if the marginal benefit of the action exceeds the marginal cost.

Explanation:

Rational people always think at the margin. Decision makers generally consider both the explicit and implicit costs of their actions.

The decision-making is the process of making choices in the optimal level of benefit or utility for an individual. Rational decision making is a multi-step process that makes choices between the alternatives.

A rational decision maker takes action if and only if the marginal benefit of the action exceeds the marginal cost.

You might be interested in

The police department of a county uses a software that helps them identify the hot spots of drug activity in the county. Once th

N76 [4]

Answer:

intelligence-led policing

Explanation:

The police department of a county uses a software that helps them identify the hot spots of drug activity in the county. Once the hot spots are identified, the patrol officers focus on them instead of patrolling all the areas in the county. The given scenario best exemplifies intelligence-led policing. Intelligence-led policing is a practice which involves the application of technologies, data collection and analyses to generate useful information or valuable intelligence which helps in directing law enforcement efforts to the right people and places in combating crime. With the application of this system of policing, the police department can better understand crime trends, properly classify offenders and potential offender and easily designate crime hotspots with the city.

7 0

3 years ago

What was the principal effect of the decision on the operation on the national judiciary

hichkok12 [17]

What was the principal effect of the decision on the operation of the national judiciary? The Judiciary Branch has taken sole role of being the 'interpreter of the constitution and laws. The courts now possessed the power to determine the validity of Congress’ laws and revoke them as they determined necessary.

4 0

3 years ago

As being

Softa [21]

Answer:

A common misconception among students is that those who get the highest grades are the best students. True, good students strive to get good marks, but being a good student is a lot more than grades. Being a successful student entails many aspects, especially in college. Certainly, strong students show qualities such as being conscientious and polite.

There are habits that are socially desirable, but they make someone a good human, not inherently a good student. For all, getting coordinated is clear. Others are less obvious characteristics that the most effective students secretly practice.

Explanation:

6 0

3 years ago

Read 2 more answers

When the army is in charge of the government

vaieri [72.5K]

Answer:

When the army is in charge of the government, it causes a Military Government. A Military Government is then carried out by military workers.

Explanation:

This is entirely legal. And justafiable by laws of the jurisdiction at issue.

5 0

3 years ago

Mapping is partially a science, but it also involves a lot of human judgment. provide examples of human judgment in mapping, suc

Elenna [48]

The creation of the geographic grid in contemporary tools such as the International Date Line and time zones are some examples of human judgement in mapping.

The creation of maps is called mapping. Maps are illustrative symbolic representation of the important features of the Earth’s surface part.

5 0

3 years ago