In economics the assumption is made that consumers and firms will make choices that maximize(s) the _______ of each activity.
A) net benefit
B) total benefit
C) sum of total benefit and total cost
D) product of total benefit and total cost

Question

Quizplus · Accepted Answer

The concept of rationality assumes that consumers and firms will make choices that maximize their net benefit, which is the difference between the total benefit and the total cost of each activity. Therefore, A is the correct choice.

In Economics the Assumption Is Made That Consumers and Firms