A choice made _____ is a choice whether to do a little more or a little less of an activity.
A)at the fringe
B)in the beginning
C)at the margin
D)after the fact

Question

Quizplus · Accepted Answer

Choices made at the margin are those that involve deciding whether to do a little more or a little less of an activity. The margin refers to the current level of activity, and making choices at the margin involves weighing the benefits and costs of a small change in that level of activity. Choices at the margin are often the most important ones in economics because they help determine the optimal level of activity for individuals, firms, and society as a whole.

A Choice Made _____ Is a Choice Whether to Do