Making choices on the margin means
A) scribbling on the edges of your notebook paper.
B) comparing all relevant alternatives systematically and incrementally.
C) making a decision based on emotions.
D) making decisions in the largest possible increments.
E) taking account of all marginal benefits, all opportunity costs, and all sunk costs.
B
You might also like to view...
In a perfectly competitive market, all consumers:
A) are price takers. B) set prices to compete in their market. C) have exactly the same demand schedules. D) have exactly the same tastes and preferences.
Arbitrage in foreign exchange and gold are both common as buyers can bargain with the sellers on the market price
Indicate whether the statement is true or false
When should parties be allowed to breach a contract?
All the people employed at or just above the minimum wage could be considered the _____.
Fill in the blank(s) with the appropriate word(s).