Making a decision "on the margin" involves comparing:
A. additional benefits against additional costs.
B. total benefits against total costs, which include benefits and costs from past decisions.
C. sunk costs against opportunity costs.
D. the most benefit you could expect to get without considering costs.
A. additional benefits against additional costs.
Economics
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When there is a cost or benefit that affects someone other than the seller and buyer, then there is
A) a tax. B) a subsidy. C) a quantity regulation. D) a price regulation. E) an externality.
Economics
An increase in the desired stock of housing would be caused by ________
A) an increase in household formation B) higher residential consumption C) a decrease in expected future income D) an increase in home prices
Economics