Nicole decides that paying a $150 a month premium for car insurance is worth it because she will be sharing her liability with the insurance company this is an example of making a rational decision because:

Question 3 options:

Her marginal benefit exceeds her marginal cost

Her marginal cost exceeds her marginal benefit

Her opportunity costs are more than her marginal benefits

Her opportunity costs are less than her marginal benefits

The decision-making process can be defined as a cognitive process that involves gathering (obtaining) information, analyzing them, and then evaluating alternatives, so as to enable the proper selection of an optimum solution (choice) to a particular problem.

What is a rational decision making?

A rational decision making can be defined as a method which involves taking emotion out of the decision-making process while strictly adhering to and applying logical, data-driven steps to work towards proffering a solution to a problem.

In this context, we can infer and logically deduce that Nicole's decision is an example of making a rational decision because her marginal benefit exceeds her marginal cost.

Read more on rational decision here: https://brainly.com/question/14953146

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