For which decision would marginal analysis be MOST relevant?
A) Should George accept a job with Delta Airlines or with Greenpeace?
B) Should Mary go to graduate school after graduating from university?
C) Should Vivek emigrate to Canada or stay in India?
D) Should Hong work an additional hour or take a short nap?

Question

Quizplus · Accepted Answer

Marginal analysis is most relevant to decisions where one needs to identify the incremental benefit or cost of an additional unit of something. In this case, deciding whether to work an additional hour or take a short nap involves analyzing the marginal benefit (additional income) versus the marginal cost (losing some rest).

For Which Decision Would Marginal Analysis Be MOST Relevant