When deciding whether to engage in an activity or how much to do,people should follow
A) the principle of microeconomics.
B) the principle of macroeconomics.
C) the marginal principle.
D) the law of supply and demand.

Question

Quizplus · Accepted Answer

The marginal principle suggests that people should engage in an activity or do it up to the point where the marginal benefit equals the marginal cost. This means that people should consider the additional benefit and additional cost of each unit of an activity when making a decision, rather than just considering the overall benefit and cost. Therefore, C is the best answer. The other options are not as relevant to the decision-making process of an individual.

When Deciding Whether to Engage in an Activity or How