To say that people make decisions at the margin means that:
A) they usually wait until the last minute before making a decision to buy.
B) they weigh the additional costs and the additional benefits of various activities before they make a decision.
C) most people just barely get by on the incomes they earn and live from day-to-day on the very edge of subsistence.
D) if given a choice,most people would prefer to make their own decisions concerning the things that affect their lives.
E) they consider the total cost and the total benefit of various activities before they make a purchase.
Correct Answer:
Verified
Q53: When economists say that people act as
Q55: Which of the following would be a
Q56: Rational choice by an individual implies:
A)the use
Q59: You want to sell your old iPad
Q60: When economic choice involves an adjustment to
Q61: The basic purpose of economic models is
Q68: A rational decision maker will take only
Q74: In economics, the term "marginal" usually refers
Q80: Economists believe that people respond in a
Q84: Economic theories are
A)useful because they are as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents