Respuesta :
Answer:
people implicitly calculate the costs of and the benefits from an activity to decide if it is worthwhile
Explanation:
Rationality implies that economic agents choose options or make decisions so as to maximise benefit or utility.
It is assumed that a rational individual would carry out an activity only if its benefit exceeds its cost.
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Answer:
People implicitly calculate the costs of and the benefits from an activity to decide if it is worthwhile.
Explanation:
The premise that people are rational is one of the pillars of economics. It means that any person will try to maximize the benefits obtained from consuming a product while minimizing the costs of obtaining that product. In other words, we all try to maximize the utils per dollar that we obtain from consuming a good.
We continuously perform a cost-benefit analysis to decide what is best for us.