Question: When does a rational decision maker take an action? a) only if the marginal benefit is equal to the marginal cost b) only if the

When does a rational decision maker take an action? a) only if the marginal benefit is equal to the marginal cost b) only if the total benefit is greater than the total cost c) only if the total benefit is equal to the total cost d) only if the marginal benefit is greater than the marginal cost Question 4 (1 point) What does microeconomics study? a) how individual households and firms make decisions b) how government affects the economy c) the behaviour of consumers d) how the economy as a whole works

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