Asked by
Tommy Morris
on Oct 27, 2024Verified
Which decision is the BEST example of making a choice at the margin?
A) buying a new car
B) quitting your job
C) drinking another cup of coffee
D) attending college
Margin Decision
A determination made by comparing the additional costs against the additional benefits of an action.
Drinking Coffee
The act of consuming a beverage made from ground and brewed coffee beans.
- Learn the core principles of marginal analysis and their application in regular choices.
- Gain an appreciation for the value of marginal decisions in the management of resources and time.
Verified Answer
RR
Learning Objectives
- Learn the core principles of marginal analysis and their application in regular choices.
- Gain an appreciation for the value of marginal decisions in the management of resources and time.