Multiple Choice
The rule of rational choice suggests that you will engage in more of an activity if:
A) the total benefit from that activity exceeds the total cost of the activity.
B) the opportunity cost of your time is very low.
C) the additional cost incurred as a result of the activity exceeds the additional benefit received.
D) the additional benefit received as a result of the activity exceeds the additional cost incurred.
E) the additional cost incurred as a result of the activity is equal to the average cost of the activity.
Correct Answer:
Verified
Correct Answer:
Verified
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