question 3 which is an essential part of making a rational choice? doing cost - benefit analysis reducing…

question 3 which is an essential part of making a rational choice? doing cost - benefit analysis reducing fixed expenses eliminating opportunity costs

question 3 which is an essential part of making a rational choice? doing cost - benefit analysis reducing fixed expenses eliminating opportunity costs

Answer

Brief Explanations:

Rational choice - making involves comparing costs and benefits. Cost - benefit analysis is a key tool in this process as it helps in evaluating the pros and cons of different options. Eliminating opportunity costs and reducing fixed expenses are not essential parts of the general process of rational choice - making in the way cost - benefit analysis is.

Answer:

doing cost - benefit analysis