Answer-A rational decision maker does which of the following?

Rational decision maker takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.

Question

A rational decision maker does which of the following?

A Takes an action only if the combined benefits of that action and previous actions exceed the combined costs of that action and previous actions

B Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action

C Ignores marginal changes and focuses instead on "the big picture"

D Ignores the likely effects of government policies when he or she makes choices

E Both 1 and 2