Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. A rational decision is one that a. satises all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner

image text in transcribed
2. A rational decision is one that a. satises all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most preferred by decision makers. d. assigns available resources to the uses with the lowest opportunity costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of The Sulphur Industry

Authors: Jared E Hazleton

1st Edition

1317353927, 9781317353928

More Books

Students also viewed these Economics questions

Question

What are your current research studies?

Answered: 1 week ago

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago