A perfectly rational decision maker would ________.
A)have alternative preferences
B)not consider profit maximization as an objective
C)be objective and logical
D)have to overcome time and cost constraints

Question

Quizplus · Accepted Answer

A perfectly rational decision maker would make decisions based on objective and logical analysis, taking into consideration all available information and weighing the benefits and costs of each option. This individual would make decisions without any biases or emotional influences. Profit maximization may be an objective for some decision makers, but it is not a requirement for rational decision making. Time and cost constraints may limit the available options, but a rational decision maker would still strive to make the best decision possible given the constraints. Having alternative preferences is not necessarily a characteristic of rational decision making.

A Perfectly Rational Decision Maker Would ________