If a person takes an action if, and only if, the extra benefits from taking that action are at least as great as the extra costs, then that person is:
A)not following the Cost-Benefit Principle.
B)following the Scarcity Principle.
C)following the Cost-Benefit Principle.
D)not rational.

Question

Quizplus · Accepted Answer

The Cost-Benefit Principle states that an individual should take an action if, and only if, the extra benefits from taking that action are at least as great as the extra costs.

If a Person Takes an Action If, and Only If