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Explain how people make rational decisions by analyzing their marginal benefits and marginal costs.

User Apolonia
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Answer:

You compare, to the best of your ability, the marginal benefits with the marginal costs. An economically rational decision is one in which the marginal benefits of a choice are greater than the marginal costs of the choice. It serves as a decision-making tool in projecting the maximum potential profits for the company by comparing the costs and benefits of the activity.

Step-by-step explanation:

Hope this helps

User Chris Bartholomew
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