Question

The assumption that individuals act rationally implies that:Group of answer choicesthe greater the cost of a charitable deed to a benefactor, the more likely he or she is to perform that deed.people only consider the costs of an activity to decide whether it is worthwhile.people think only of themselves and disregard the well-being of others.people implicitly calculate the costs of and the benefits from an activity to decide if it is worthwhile.people undertake all those activities that do not have any marginal benefit.

Answer 1

Answer:

People implicitly calculate the costs of and the benefits from an activity to decide if it is worthwhile.

Explanation:

The premise that people are rational is one of the pillars of economics. It means that any person will try to maximize the benefits obtained from consuming a product while minimizing the costs of obtaining that product. In other words, we all try to maximize the utils per dollar that we obtain from consuming a good.

We continuously perform a cost-benefit analysis to decide what is best for us.

Answer 2

Answer:

people implicitly calculate the costs of and the benefits from an activity to decide if it is worthwhile

Explanation:

Rationality implies that economic agents choose options or make decisions so as to maximise benefit or utility.

It is assumed that a rational individual would carry out an activity only if its benefit exceeds its cost.

I hope my answer helps you