Decision making on the margin involves
A) comparing the marginal cost and marginal benefits when making a decision.
B) comparing the total cost and the total benefit when making a decision.
C) eliminating the additional cost when making a decision.
D) determining the total benefits of a decision.
E) comparing the benefits from the social interest to the benefits from the person's self-interest.
A
You might also like to view...
The 12 regional Fed banks do all of the following except:
A. Clear checks between private banks. B. Lend money to individuals. C. Provide currency to banks. D. Hold bank reserves.
When you use money to purchase groceries, money is functioning as a store of value.
Answer the following statement true (T) or false (F)
The supply curve slopes
A. upward to the right. B. upward to the left. C. downward to the right. D. downward to the left.
In comparing the changes in actual budget surplus and the structural surplus between 1993 and 1999, it is clear that the
A. actual surplus rose less than the structural surplus. B. actual surplus and the structural surplus rose about the same. C. actual surplus rose much more than the structural surplus. D. tax increases of 1993 decreased the structural surplus more than they decreased the actual surplus.