Cost-Benefit analysis is used in rational decision making model by economists use to make decisions
<u>Explanation:</u>
A process that has multiple steps is a Rational decision making. It follows many steps right for identifying the problem to finding the logical and sounded decisions to that problem. The main thing that this model assumes is that the available information is complete and there will be enough resources, timelines and ability which is cognitive for the purpose of choosing the alternatives.
The main thing that is being used in this model in making decisions is Cost-benefit analysis
. Here there is an assumption that people will be choosing that alternative that will have more benefits with least cost.
One of the most common criticisms of Stanley Milgram’s studies of obedience is that the results of his experiment do not represent actual tendencies to obey the authority due to the participants of it probably knowing everything was okay, another example is that it has been considered in an unethical study in which he had lied to the respondents.
I believe you mean a member of the House of representatives: these are elected for a number of two years.- but in practice the members can be re-elected and there is no limit on how many times they can be re-elected.
