Which of the following best characterizes marginal thinking?
A) comparing the total benefit and total cost of two desserts when deciding whether or not to enjoy a second dessert
B) the rule of rational choice
C) calculating the ratio of the total benefit of an activity to the total cost of that activity
D) people wanting to make themselves better off

Question

Quizplus · Accepted Answer

Marginal thinking involves considering the additional or incremental benefits and costs of a decision, which aligns with the rule of rational choice that suggests individuals make decisions based on marginal benefits and costs.

Which of the Following Best Characterizes Marginal Thinking