The cost-benefit principle will lead you to make unselfish decisions if you
A)account for unselfish motivations.
B)maximize monetary costs and benefits.
C)pursue only decisions for which the benefits outweigh the costs.
D)maximize economic surplus.

Question

Quizplus · Accepted Answer

The cost-benefit principle is not limited to maximizing monetary costs and benefits or economic surplus, but can also account for unselfish motivations. By considering the wider implications of our actions, we can make decisions that benefit others, even if they may not directly benefit us financially. Therefore, choosing option A would lead us to make unselfish decisions by taking into account the interests of others.

The Cost-Benefit Principle Will Lead You to Make Unselfish Decisions