You decide whether to eat one more slice of pizza based on how hungry you feel.Which economic principle does this statement BEST represent?
A)Choices are necessary because resources are scarce.
B)The true cost of something is its opportunity cost.
C)"How much" is a decision at the margin.
D)There are gains from trade.

Question

Quizplus · Accepted Answer

This statement best represents the economic principle of "how much" as it involves making a decision at the margin, or deciding whether to consume one more slice of pizza based on the current level of hunger. This decision is made by comparing the marginal benefit (satisfaction of eating one more slice) to the marginal cost (potential discomfort or negative health consequences of overeating).

You Decide Whether to Eat One More Slice of Pizza