QUESTION 39 39. Economic rationality or optimization means that people should compare the consequences of alternative actions or choices and select the one that maximizes net benefits (net of costs). O is not an acceptable approach to life according to many philosophers, because they claim that some things, such as human life, should not be subject to this kind of ooloulotion of costs and benefits
QUESTION 39 39. Economic rationality or optimization means that people should compare the consequences of alternative actions or choices and select the one that maximizes net benefits (net of costs). O is not an acceptable approach to life according to many philosophers, because they claim that some things, such as human life, should not be subject to this kind of ooloulotion of costs and benefits
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 24QP
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