QUESTION 39 39. Economic rationality or optimization means that people should compare the consequences of alternative actions or choices and select the one that maximizes net benefits (net of costs). O is not an acceptable approach to life according to many philosophers, because they claim that some things, such as human life, should not be subject to this kind of ooloulotion of costs and benefits
QUESTION 39 39. Economic rationality or optimization means that people should compare the consequences of alternative actions or choices and select the one that maximizes net benefits (net of costs). O is not an acceptable approach to life according to many philosophers, because they claim that some things, such as human life, should not be subject to this kind of ooloulotion of costs and benefits
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 2QFR
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