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Which on the following best Explains why minimizing costs is a rational way to make decisions?
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What best explains why minimizing costs is a rational way to make decisions?
paying a cost means doing without something good or accepting something bad
Which of the following best explains why minimizing costs is a rational way to make decisions?
Paying a cost means doing without something good or accepting something badPaying a cost means doing without something good or accepting something bad.
Which of the following pairs of words best describes using cost benefit analysis maximizing and minimizing?
Rational and subjective
How would you use economic in a sentence?
He was known to make rational, economic, and practical decisions.
What do economists mean by rational self-interest?
Basically, it means that an individual makes economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.
What best explains why minimizing is a rational way to make decisions?
paying a cost means doing without something good or accepting something bad
What best explains why minimizing costs is a rational way to make decisions?
paying a cost means doing without something good or accepting something bad
Which of the following best explains why minimizing costs is a rational way to make decisions?
Paying a cost means doing without something good or accepting something badPaying a cost means doing without something good or accepting something bad.
Which of the following pairs of words best describes using cost benefit analysis maximizing and minimizing?
Rational and subjective
How do rational numbers equal rational decisions?
They do not. There is no relationship between rational numbers and rational decisions.
What is the definition of rational decisions and irrational decisions?
Rational decisions are thought out with common sense, irrational are not.
Which of the following best explains why considering opportunity cost is a rational thing for consumer to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices
Is the following number rational or irrational -2?
Rational.
When problem solving and making decisions where is your rational thought being centered?
Rational thinking stems from your pre-frontal cortex.
Which of the following correctly describes the sum of two rational numbers?
It is always rational.
What are the benefits of making rational decisions?
Rational decisions usually lead to positive or desirable outcomes. An irrational decision may lead to a bad outcome. For example if I want to visit Australia, I could book an airline ticket...or swim! One of these choices is rational the other not so much.
What can you do to make them stop bad decisions?
If you have a rational, logical argument and they are rational, logical people, than you probably have a chance at bringing them back from making bad decisions. But it's only your opinion that it's a bad decision, after all.
