Question

which of the following best explains why considering opportunity costs is a rational thing for consumers to do ​

Answer 1

C. What you sacrifice for a decision is one of the non-monetary costs of many choices.

Making a rational decision includes logically thinking about the pros and cons of the options, and opportunity cost is one way of measuring this.

Answer 2

An opportunity cost is backed by a rational decision for the consumers, as a sacrifice has some non-monetary costs and benefits for a consumer.

What is a rational decision?

An ideal decision, which is taken without consideration of any biased judgment, is known as a rational decision in financial and economic terms. Generally, rational decisions back opportunity costs.

Hence, option C holds true regarding rational decision.

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