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.

Question

Quizplus · Accepted Answer

Making choices on the margin means comparing all relevant alternatives systematically and incrementally. It involves evaluating the costs and benefits of small, incremental changes to an existing situation. This approach ensures that the decision maker is able to optimize their choices and make the most beneficial decision.

Making Choices on the Margin Means