mctaylor1974 mctaylor1974
  • 27-06-2021
  • Business
contestada

What is meant by rational behavior
and benefits & Cost in economics

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tissannewright
tissannewright tissannewright
  • 27-06-2021

Answer:

Rational behavior refers to a decision-making process that is based on making choices that result in the optimal level of benefit or utility for an individual. ... Most classical economic theories are based on the assumption that all individuals taking part in an activity are behaving rationally.

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