Question
which of the following are necessary to make a rational choice

Analysis Reading Hscore: 0.00 mc ch01-02.05m s Question 7 of 10 Check My Work 1 Which of the following are necessary to make a rational choice? O a. An unlimited flow of information and stock of resources to enable individuals to make the best choice. b. Time and information, which are both scarce and valuable. c. A reasonable hypothesis and simplified assumptions. d. Accurate prediction of the average behavior of groups and the secondary effects that may result from the choice.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Option B

  • Rational choice theory deals with making choices for selecting the best alternative that gives them the greatest satisfaction.
  • This theory deals with seeking choices that are most cost effective for achieving a specific goal.
  • The most scarce resources, time and information are the most valuable ones for making rational choices.
Add a comment
Know the answer?
Add Answer to:
which of the following are necessary to make a rational choice Analysis Reading Hscore: 0.00 mc...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 11. A rational person will                 a. never make mistakes in choices.                 b. select

    11. A rational person will                 a. never make mistakes in choices.                 b. select the choice where the expected present benefit is greater than the expected value of the costs.                 c. follow the Maslow Hierarchy of wants.                 d. be uncaring and void of emotions 12. Assume that your company produces two goods; laptops and tablets. Assume also that your company has limited resources (including time) to devote to producing these items. Now assume that the laptop team...

  • After reading the exceprt from Hardin's essay, discuss the following questions with your class After reading...

    After reading the exceprt from Hardin's essay, discuss the following questions with your class After reading the excerpt from Hardin's essay, discuss the following questions with your class 1. What is Garret Hardin most concerned about? 2. How can "the commons" best be defined? 3. Are individuals who overuse "the commons" acting irrationally? Explain. 4. Besides the "common pasture", what other resources does Hardin identify as "commons"? 5. What are some of the po Some of the possible solutions he...

  • MULTIPLE CHOICE 1) Which of the following is NOT an investment as defined in the text?...

    MULTIPLE CHOICE 1) Which of the following is NOT an investment as defined in the text? A) a certificate of deposit issued by a bank B) a new automobile C) a United States Saving Bond D) a mutual fund held in a retirement account 2) Which of the following is NOT traded in the securities markets? A) stocks B) bonds C) derivatives D) real estate 3) The governmental agency that oversees the capital markets is the A) Federal Trade Commission....

  • Classical Roman civil law was based on _____. Group of answer choices Procedural requirements Analysis of...

    Classical Roman civil law was based on _____. Group of answer choices Procedural requirements Analysis of the local tribunes A stock of concepts of legal significance Preferences of the individual judge Question 21 pts Informed consent specifically refers to a patient’s right of _____. Group of answer choices Free investigation Self-recognition Information gathering Self-determination Question 31 pts Escola v. Coca Cola Bottling Co. focused on _____. Group of answer choices Medical malpractice Battery Products liability Judicial malfeasance Question 41 pts...

  • Which of the following is an advantage of technology in nursing practice? a. inclination of nurses...

    Which of the following is an advantage of technology in nursing practice? a. inclination of nurses to focus on the equipment rather than the patient b. increased ability to monitor patients remotely c. increased confidentiality of patient information d. reliability of internet resources 2. When using computers in direct patient care, it is important to remember to: a. assess the patient and provide care based on the individual's needs b. look up the clinical practice guidelines for each illness use...

  • I need help with my very last assignment of this term PLEASE!!, and here are the instructions: After reading Chapter T...

    I need help with my very last assignment of this term PLEASE!!, and here are the instructions: After reading Chapter Two, “Keys to Successful IT Governance,” from Roger Kroft and Guy Scalzi’s book entitled, IT Governance in Hospitals and Health Systems, please refer to the following assignment instructions below. This chapter consists of interviews with executives identifying mistakes that are made when governing healthcare information technology (IT). The chapter is broken down into subheadings listing areas of importance to understand...

  • i need summery of this Using Apple Technology to Support Learning for Students with Sensory and...

    i need summery of this Using Apple Technology to Support Learning for Students with Sensory and Learning Disabilities The science of learning seeks to understand the relationship between brain development, social interaction, and learning by drawing on the fields of psychology, neuroscience, machine learning, and education.1 This research holds great promise for improving our teaching practices for all students and helping us develop more effective approaches to teaching children with sensory and learning disabilities. Many of the universal design features...

  • what discuss can you make about medicalization and chronic disease and illness? Adult Lealth Nursing Ethics...

    what discuss can you make about medicalization and chronic disease and illness? Adult Lealth Nursing Ethics mie B. Butts OBJECTIVES After reading this chapter, the reader should be able to do the following: 1. Explore the concept of medicalization as it relates to the societal shift away from physician predominance of the 1970s. 2. Differentiate among the following terms: compliance, noncompliance, adherence, nonadherence, and concordance. 3. Examine cultural views with regard to self-determination, decision making, and American healthcare professionals' values...

  • Below is the information: It is important to understand the different leadership styles employed by nursing...

    Below is the information: It is important to understand the different leadership styles employed by nursing leaders in healthcare organizations and to understand their significance on nursing practice and patient outcomes, for better or for worse. Objective: Read the articles from Nursing Standard (PDF) and Bradley University (PDF). In -250 words, formulate an opinion on the following: 1. Reflect on an occasion where you experienced ineffective leadership (doesn't have to be in the hospital). What behaviors did they display? What...

  • Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of...

    Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of physician-centered and collaborative communication. How is the caregiver’s role different in each model? How is the patient’s role different? Answer: Physical-centered communication involves the specialists taking control of the conversation. They decide on the topics of discussion and when to end the process. The patient responds to the issues raised by the caregiver and acts accordingly. On the other hand, Collaborative communication involves a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT