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.
Answer:
Farmers and the working class
The best caption for your image would be something like "Reading the Miranda Rights" Those are the words that the police have to tell you when you are under arrest, another title could be something about the arrest, something talking about who the person is, what the crime was, and so forth. Use your imagination!
A china because i said so
