The theory of rational behavior

A. assumes that people will behave in the best interest of society as a whole.

B. implies that people will always take the time to make perfectly informed decisions.

C. is an assumption that economists make to have a useful model for how decisions are made.

Question

Jan Wiley

Business

31 August, 19:13

The theory of rational behavior

A. assumes that people will behave in the best interest of society as a whole.

B. implies that people will always take the time to make perfectly informed decisions.

C. is an assumption that economists make to have a useful model for how decisions are made.

+1

Answers (1)

Know the Answer?

Jaydin Marsh · Answer 1

The correct answer is letter "C": is an assumption that economists make to have a useful model for how decisions are made.

Explanation:

Rational Behavior guides the decision-making process towards choices that maximize individuals' benefits. Most economic theories assume that any individual taking part in action or activity is behaving rationally. Given the choice, people would choose something that increases their satisfaction.

The theory of rational behaviorA. assumes that people will behave in the best interest of society as a whole.B. implies that people will always take the time to make perfectly informed decisions.C. is an assumption that economists make to have a useful model for how decisions are made.

The theory of rational behavior

A. assumes that people will behave in the best interest of society as a whole.

B. implies that people will always take the time to make perfectly informed decisions.

C. is an assumption that economists make to have a useful model for how decisions are made.