What does it mean if a person makes a "decision at the margin"?
A) The person compares additional benefits and additional costs when deciding what to do.
B) The person weighs the good against the bad and then decides what to do.
C) The person is more likely to say yes than to say no.
D) The person compares marginal benefits and total costs and then decides what to do.
E) The person makes a decision based on a condition.

Question

Quizplus · Accepted Answer

Making a decision at the margin means that the person is comparing additional benefits (marginal benefits) and additional costs when deciding what to do. This approach involves weighing the pros and cons of a decision and making an informed choice based on the marginal analysis.

What Does It Mean If a Person Makes a "Decision