When a person is making a decision at the margin he or she is comparing the total benefits from that activity to the total costs of the proposed action.

Name: When a person is making a decision at the margin he or she is comparing the total benefits from that activity to the total costs of the proposed action.
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Question

Quizplus · Accepted Answer

Making a decision at the margin involves comparing the additional benefits of an action to the additional costs, not the total benefits to the total costs.

When a Person Is Making a Decision at the Margin