Multiple Choice
According to the rule of rational choice, under what circumstances will you engage in more of an activity?
A) when the additional cost incurred as a result of the activity exceeds the additional benefit received
B) when the opportunity cost of your time is very low
C) when the total benefit from that activity exceeds the total cost of the activity
D) when the additional benefit received as a result of the activity exceeds the additional cost incurred
Correct Answer:
Verified
Correct Answer:
Verified
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