A rational person does not act unless ? – McqOptions

MCQOPTIONS

1.	A rational person does not act unless ?
A.	the action is ethical
B.	The action produces marginal costs that exceed marginal benefits.
C.	The action produces marginal benefits that exceed marginal costs.
D.	The action makes money for the person.
Answer» D. The action makes money for the person.

Discussion

No Comment Found

Related MCQs

Which of the following statements is true about a market economy ?
Which one of the following is a normative statement ?
Workers in Western Europe enjoy a high standard of living because ?
You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generated sales revenue of Rs 2000 and you have already spent Rs 1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only Rs 800 because the fair clashes with a major music festival in a nearby location. You can complete the hot dog stand for another Rs 300 Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than ?
Which of the following situations describes the greatest market power ?
Which of the following products would be least capable of producing an externality ?
Which of the following is not part of the opportunity cost of going on holiday ?
Which of the following is not one of the basic economic s ?
Which of the following is a normative statement in economics ?
Which of the following involves a trade – off ?