Thinking at the margin involves
A) influencing how individuals make decisions.
B) making wiser decisions given limited information.
C) maximizing a firm's or individual's well-being.
D) weighing the impact of one additional activity.

Question

Quizplus · Accepted Answer

Thinking at the margin involves weighing the impact of one additional activity. This means making decisions based on the incremental benefits and costs of one more unit of a good or activity. It helps individuals and firms make more informed decisions and maximize their overall well-being. Choices A, B, and C are all related to decision-making in economics, but specifically refer to different concepts than thinking at the margin.

Thinking at the Margin Involves