Ask Question
BusinessBusiness
13 August, 11:52

A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.

a. True

b. False

+2
Answers (2)
  1. 13 August, 12:12
    0
    The answer is false. A rational decision maker does not only takes an action if and only if the marginal cost exceeds the marginal benefit.

    The rational decision maker has a multi-step process, from problem identification through the solution, for making logically sound decisions.
  2. 13 August, 12:15
    0
    False. A rational decision maker will make sure the decisions they make are to the best of their ability and are rational in nature. They want to make sure they pick the right decision for their situation but it does not always mean it is because marginal cost exceeds the marginal benefit. Marginal cost is the cost that is added when an organization produces one more unit of a product or service. Marginal benefit is the benefit that is received from producing one more unit of a product or service.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit. a. True b. False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Galen Company income under variable costing is $1,050,000. Fixed production costs in ending inventory are $300,000 and $250,000 in beginning inventory. What is Galen Company's income under absorption costing?
Answers (1)
The financial statements include an introduction known as the management discussion and analysis. This preface must contain information а bout:
Answers (1)
Jasper company is a wholesaler that buys merchandise in large quantities. its supplier's catalog indicates a list price of $500 per unit on merchandise jasper intends to purchase, and offers a 30% trade discount for large quantity purchases.
Answers (1)
Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it. Leslie buys the stereo, but it does not have quadraphonic speakers.
Answers (1)
When Palm, Inc. acquired its 100% investment in Star Co., a foreign entity, the excess of cost over book value was 10,000 FC. This excess was traceable to a 10-year patent. Assume the foreign entity's local currency is its functional currency.
Answers (1)
New Questions in Business
AST Computers purchases most of its parts from several suppliers and then assembles products based on customer specifications. The company's hard drive supplier's contract will expire soon and AST intends to shop around for a new supplier.
Answers (1)
A project has a required return of 12.6 percent, an initial cash outflow of $42,100, and cash inflows of $16,500 in Year 1, $11,700 in Year 2, and $10,400 in Year 4. What is the net present value?
Answers (1)
One of the attributes of a successful person is continual learning. Discuss what lifelong learning means.
Answers (1)
Importance of completing client records correctly
Answers (1)
Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial business opportunities. In one, she will quit her job to start an organic soap company.
Answers (1)
Home » Business » A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit. a. True b. False
Sign Up Forgot Password?