Jill, an economics student, has already spent 5 hours cleaning her room. In deciding whether or not to continue cleaning for another hour, she applies the economic principle of

Question

Quizplus · Accepted Answer

Jill's decision to clean for another hour is an example of choosing at the margin, which involves deciding whether the marginal benefit (in this case, a cleaner room) of an additional hour of cleaning is greater than the marginal cost (in this case, the opportunity cost of not doing something else). This is a fundamental economic principle that considers the trade-offs made when making decisions.

Jill, an Economics Student, Has Already Spent 5 Hours Cleaning