You consider purchasing one more cup of coffee before you go to class. What is this an example of?
A) average thinking
B) positive thinking
C) marginal thinking
D) total thinking

Question

Quizplus · Accepted Answer

This is an example of marginal thinking, which considers the additional benefit and cost of one more unit. In this case, the benefit is an extra cup of coffee and the cost is the price of the coffee. The decision to purchase or not depends on whether the marginal benefit is greater than or equal to the marginal cost.

You Consider Purchasing One More Cup of Coffee Before You