Asked by
Arianna Romano
on Oct 27, 2024Verified
Some baseball fans leave the game in the seventh or eighth inning to avoid the postgame traffic.These fans are:
A) not considering that they have already paid for their tickets.
B) making a marginal decision by comparing the cost of leaving early to the benefit of leaving early.
C) thinking only about the benefits of avoiding traffic.
D) underestimating the value of staying for the rest of the game.
Marginal Decision
A decision made at the “margin” of an activity to do a bit more or a bit less of that activity.
Seventh Inning
Typically refers to the seventh of nine standard innings in a game of baseball, often carrying strategic significance within the game's progression.
Postgame Traffic
The congestion and buildup of vehicles typically occurring after the conclusion of a major sporting or event gathering.
- Realize the pivotal significance of marginal analysis when making choices in economics.
Verified Answer
JB
Learning Objectives
- Realize the pivotal significance of marginal analysis when making choices in economics.