Choosing to work an extra hour of overtime is an example of
A) thinking at the margin.
B) efficiency.
C) equity.
D) market equilibrium.

Question

Quizplus · Accepted Answer

Thinking at the margin means considering the possible costs and benefits of one additional unit of an action, such as working an extra hour of overtime. By making this decision, the individual is weighing the potential benefit of earning additional income against the potential cost of losing one hour of leisure time. This is a rational decision-making process that considers the marginal cost and marginal benefit involved.

Choosing to Work an Extra Hour of Overtime Is an Example