The process of making choices in increments by evaluating the additional, marginal, benefit against the additional, or marginal, ost of an action is called?

A. A logical choice
B. accepted decision making
C. marginal decision making
D. active decision making

Answer: C. marginal decision making

Economics

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As uncertainty about the effects of policy on output decreases, we would expect that

A) policy makers would be more frequently implement fine tuning policies. B) policy makers would implement more active policies. C) policy makers would implement less active policies. D) both A and B E) both A and C

Economics

The slope of an indifference curve is equal to the ratio of the ____ of the good on the horizontal axis to the ____ of the good on the vertical axis.

A. marginal product; marginal product B. marginal utility; marginal utility C. price; price D. total utility; price

Economics