Question

Which rationality trait implies:
1) that people can determine their opportunity cost of a choice?

2) diminishing returns

3) relative scarcity

Answer 1

1. The rationality trait that implies that people can determine their opportunity cost of choice are as follows:

Rationals exhibit in the given sentence is knowledge seeking temperament since it emphasizes on the fact that Rationals have the habit of implicitly trusting people.

2. Dimishing Returns: The rationality trait associated with this statement is fieldmarshals. Since statement deserves such a trait since the personnels involved in identifying the diminishing returns will have to be composed fo the situation and be matured.

20 Relative Scarcity : This situation occurs when the benefits gained is less than the total amount of money invested.

These are the traits associated with rationatility.