Rational choices:
A)are based on a comparison between total benefits and total costs.
B)can only be made by those who are economists.
C)are made based on expectations of the additional benefits and additional costs involved.
D)measure benefits based on the past.
E)are based on the experiences of the past.

Question

Quizplus · Accepted Answer

Rational choices involve evaluating the marginal benefits and marginal costs, which are the additional benefits and costs of a decision.

Rational Choices