Which Decision Is an Example of Marginal Analysis

question 28

Multiple Choice

Which decision is an example of marginal analysis?

• A)ordering a pizza,rather than eating leftover meatloaf
• B)deciding whether to eat one more slices of pizza
• C)using a coupon to save $2 on a pizza
• D)writing a check to pay for the pizza,rather than using a credit card

Understand the dynamics of price in different stages of product life cycle and market structures.

Understand the concept of learned helplessness and its effects on behavior.

Recognize the role of cognitive processes in operant conditioning.

Identify the contributions of key figures (e.g., B. F. Skinner, Martin Seligman, Albert Bandura) to the psychology of learning.

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Definitions:

Ledger Account

A ledger account is a record used to store and summarize the financial transactions pertaining to a particular aspect of a business, such as assets, liabilities, equity, revenues, or expenses.

Petty Cash

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Cash on Hand

The amount of liquid currency that a person or business has available for immediate use.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, prompted by financial scandals.