What is a potential implication of assuming rational behavior in economic decision-making?

What role does rationality play in achieving economic efficiency?

In what way does the assumption of rationality affect consumer behavior in a market?

Which of the following statements best describes a limitation of the rationality assumption?

A factory manager wants to improve efficiency. Which strategy aligns with rational decision-making?

Which of the following is an example of irrational behavior?

How does a factory manager demonstrate rational behavior in decision-making?

Which of the following best describes a rational decision?

Which of the following actions by a student preparing for an exam exemplifies rational behavior?

A student has limited time to study for an exam. What is a rational approach to maximize their performance?