Answer to Question #249952 in Microeconomics for rudy

Question

arry is facing a decision of whether to take driving classes or not. In order to make a
rational decision, Barry gathers information from all possible driving schools, collect
data on their fee structures, number of classes etc. He also spends days in reading
each of their reviews posted online, because Barry wants to make the best decision.
Barry’s final decision is to ‘not take driving classes’. Explain, with reasons, in which
of the following situations would you call Barry’s decision to be a rational decision.

Answer 1

Barry's final decision of 'not taking driving classes' is a rational decision. This is because through gathering information from all possible driving schools, collection of data on fee structures and classes, it means that the decision is carefully considered and the negative outcomes are weighed.The decision made is logical.