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Doing a cost-benefit analysis

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Q: Which of the following is an example of an action that is part of making a rational choice?
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An example of an action that is part of making a rational choice?

Doing a cost-benefit analysis is part of making a rational decision.


What is an example of an action that is part of making a rational choice?

An example of an action that is part of making a rational choice is gathering information and evaluating the available alternatives before making a decision. This involves considering the potential outcomes, weighing the pros and cons of each option, and selecting the option that aligns best with your goals and preferences.


What action provides the most for making a rational choice?

The action that provides the most help for making a rational choice is engaging in financial planning.


What is the definition of rational choice?

A rational choice is a choice that makes the most sense by society's standards. For example, when given the choice between healthy food and poison, the rational choice would be to choose the healthy food.


Which of the following is not a tool of rational choice?

devising monetary polices


What is an example sentence using the word rational?

He was the only rational choice to vote for.She is level-headed and rational.


What Of The Following is an essential part of making a rational choice?

doing cost benefit analysis


Which o the following is an essential part of making a rational choice?

Doing cost benefit analysis


What is logical decision making based on thoughtful analysis that compares the benefits and costs of an action?

Rational Choice


List two forms that rational choice can take?

Rational choice can take the form of maximizing utility, where individuals make decisions based on maximizing their own personal satisfaction. It can also take the form of optimizing resources, where individuals make decisions based on achieving the best outcome with limited resources.


What is an essential part of making a rational choice?

The action that provides the most help for making a rational choice is engaging in financial planning.


Which of the following is essential part of making rational choice?

Doing cost-benefit analysis