A rational choice is one that
A) always turns out for the best for the decision maker.
B) creates no costs for the decision maker.
C) must be made with perfect information.
D) uses the available resources to most effectively satisfy the wants of the person making the choice.
E) is made in the social interest rather than the self-interest.

Question

Quizplus · Accepted Answer

A rational choice is made by weighing the benefits and costs of each available option and choosing the one that maximizes the satisfaction or utility of the decision maker. It is based on the idea that individuals act in their self-interest and seek to maximize their own well-being. Therefore, using the available resources to most effectively satisfy the wants of the person making the choice is the best choice.

A Rational Choice Is One That