If a worker is deciding how many hours to work by asking, "Should I work one more hour?" then the worker is using the _____ principle to make the decision.

Question

Quizplus · Accepted Answer

The worker is making a decision by considering the benefits and costs of working one more hour. This is an example of the marginal principle, which involves analyzing the costs and benefits of small incremental changes in behavior. The opportunity cost principle involves weighing the benefits of one action against the benefits of the next best alternative, and the cost-benefit principle involves comparing the benefits and costs of a decision overall. The additive principle involves adding up the total costs and benefits of a decision, which is not applicable in this scenario.

If a Worker Is Deciding How Many Hours to Work