It is crucial to recognize that ________ and ________ are separate evaluations made at the margin.
A) costs; benefits
B) buying; selling
C) incentives; trade-offs
D) economics; accounting
E) trade-offs; opportunity costs

Question

Quizplus · Accepted Answer

Costs and benefits are separate evaluations made at the margin. Marginal cost is the additional cost of producing one more unit of a good or service, while marginal benefit is the additional benefit gained from producing one more unit of a good or service. It is important to evaluate both costs and benefits separately at the margin in order to make informed decisions.

It Is Crucial to Recognize That ________ and ________ Are

It Is Crucial to Recognize That and Are