Question

Decision making "at the margin" means making a choice based on __________ of a decision.

a. the total benefits

b. the total costs

c. comparing the total benefits and costs

d. comparing the additional benefits and costs

Answer 1

d. comparing the additional benefits and costs

Step-by-step explanation:

The correct choice is D because you are making a choice when the marginal benefits are greater than the marginal costs . At this point, opportunity costs are lowered and you want to get the most out of your resources. It is a point when you are thinking about what an additional action means for you if you take it versus not at all.