Answered

Rational behavior suggests that:
everyone will make identical choices.
resource availability exceeds economic wants.
O individuals will make different choices because their preferences and circumstances
differ.
O an individual's economic goals canot involve tradeoffs.



Answer :

GinnyAnswer

Final answer:

Rational behavior in economics involves individuals and firms maximizing their well-being or profits efficiently within constraints.


Explanation:

Rational behavior in economics refers to the idea that individuals and firms make choices to maximize their personal well-being or profits within the constraints they face. Economists assume that individuals are rational decision-makers who aim to achieve their goals efficiently.


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