What is considered "rational" by one person may not be"rational to another person because a) Of ethical considerations that give rise to different value judgements b) People have different preferences c) Of the effects on the decision rendered by considering the future d) Some people may have access to more information than others e) All of the above

What is considered "rational" by one person may not be"rational to another person because a) Of ethical considerations that give rise to different value judgements b) People have different preferences c) Of the effects on the decision rendered by considering the future d) Some people may have access to more information than others e) All of the above

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 8QP

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