Asked by
Jordan Valenzuela
on Oct 09, 2024
Verified
Rational individuals may make different choices because their preferences and circumstances differ.
Rational Individuals
People who make decisions by logically evaluating options based on their preferences and the likely outcomes to maximize their benefit or utility.
- Recognize the importance and implications of rational individual choice in economics.
Verified Answer
ND
Learning Objectives
- Recognize the importance and implications of rational individual choice in economics.