To make a rational choice,a person
A) compares the extra benefits of one more unit to the extra costs of one more unit.
B) adds the total benefits and the total costs and then compares the two totals.
C) adds the total benefits to determine if the total is large enough.
D) adds the total costs to determine if the total is small enough.
E) takes account of all benefits and all opportunity costs, including both marginal costs and sunk costs.

Question

Quizplus · Accepted Answer

To make a rational choice, a person should compare the extra benefits of one more unit to the extra costs of one more unit. This allows for the person to weigh the benefits and drawbacks of a decision before making a choice. It ensures that the person is making an informed decision based on the costs and benefits involved.

To Make a Rational Choice,a Person