When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of
A) rational decision making.
B) objective decision making because the value of goods is determined objectively.
C) marginal management analysis.
D) random decision making.

Question

Quizplus · Accepted Answer

Rational decision making involves evaluating options to maximize benefits while minimizing costs, aligning with economic principles of utility maximization.

When an Individual Weighs Her Options and Makes a Choice