Multiple Choice
Economists generally believe that:
A) a rational individual will pursue an activity if the average cost of the activity is equal to the total benefit from it.
B) a rational individual will pursue an activity if the total benefit of the activity is more than the total cost of the activity.
C) a rational individual will pursue an activity if the total cost of the activity is more than the total benefit from it.
D) economic decisions result from random behavior.
E) decision makers never make mistakes.
Correct Answer:
Verified
Correct Answer:
Verified
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