A rational decision maker takes action if and only if the marginal benefit of the action exceeds the marginal cost.
<u>Explanation:</u>
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.
The United State Constitution actually took a great amount of data from the state constitutions, which talk of individual rights and limited government.
They represent about 80 percent of the dollar usage.
<h3>
What is abc analysis?</h3>
ABC analysis is a strategy for categorizing inventory in materials management. ABC analysis categorizes inventory into three groups: "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C things" with the simplest controls and little records.
The ABC analysis provides a mechanism for identifying products that will have a major impact on overall inventory cost as well as a mechanism for identifying distinct stock categories that will require different management and controls.
According to the ABC analysis, an organization's inventories are not of equal worth.
As a result, the inventory is divided into three groups (A, B, and C) based on their estimated importance.
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Answer:
Explanation:
Written arguments, oral arguments, conference, opinion writings, and announcement.
The Pilgrims and Puritans came to America to practice religious freedom. ... The Separatists, under the leadership of William Bradford, decided to leave England and start a settlement of their own so that they could practice their religion freely.
