Deciding whether to study an additional hour for an exam by comparing the additional benefits to the additional costs of an extra hour of study is an example of:

Question

Quizplus · Accepted Answer

The decision-making process described involves considering the marginal benefit of an additional hour of study compared to the marginal cost of an additional hour. This is an example of marginal thinking, which involves weighing the costs and benefits of a small, incremental change.

Deciding Whether to Study an Additional Hour for an Exam