QUESTION 15 Which of the following is NOT true about rational individuals? A. Rational people have well-defined goals B. Rational people make decisions by comparing average benefits and average costs OC. Rational people do not consider sunk costs in the decision-making process D. Rational people make decisions by comparing marginal benefits and marginal costs

QUESTION 15 Which of the following is NOT true about rational individuals? A. Rational people have well-defined goals B. Rational people make decisions by comparing average benefits and average costs OC. Rational people do not consider sunk costs in the decision-making process D. Rational people make decisions by comparing marginal benefits and marginal costs

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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