can be defined as the view that people should and typically do use logic and all available information to choose the alternative with the highest value.

Rational choice paradigm can be defined as the view that people should and typically do use logic and all available information to choose the alternative with the highest value.

Step-by-step explanation:

Rational choice paradigm can be defined as the view that people should and typically do use logic and all available information to choose the alternative with the highest value.

People normally make logical choices which are based on their defined goals. These choices reflect their behavior.

There are certain elements associated with this paradigm which are as follows:

Example:

Lets suppose you are the CEO of a company you founded. Whenever you make any decision, you make sure you do it based on the rational choice paradigm and certain preferences in order to maximize gain while minimizing loss.

so firstly, we need to isolate the y variables to be able to solve these inequalities. firstly, add 0.5x on both sides of the first inequality and subtract 1.5x on both sides of the second inequality:

now since the slope is positive for the first inequality, this means that the line going upwards belongs to the first inequality, and the line going downwards belongs to the second inequality.

next, since y ≥ in the first inequality, this means that the shaded region will be above the first inequality's line, thus shading regions a and b.

next, since y ≤ in the second inequality, this means that the shaded region is going to be below this line, thus shading regions a and c.

since both lines shade region a, this means that region a is the solution.

step-by-step explanation:

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