A rational decision maker always chooses the option for which marginal benefit is:

Question

Quizplus · Accepted Answer

A rational decision maker always chooses the option for which marginal benefit is more than marginal cost because choosing an option for which marginal benefit is equal to or less than marginal cost would mean that the cost of the option outweighs its benefit. Therefore, the best choice is to choose the option with a higher marginal benefit than marginal cost.

A Rational Decision Maker Always Chooses the Option for Which