The BEST Example of Making a Choice at the Margin

question 46

Multiple Choice

The BEST example of making a choice at the margin is:

• A) buying a new car.
• B) quitting your job.
• C) a coffee drinker drinking another cup of coffee.
• D) attending college.

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Definitions:

$75,000

A monetary amount, which could be specified in legal or financial contexts, such as a threshold for federal court jurisdiction in diversity cases in the United States.

Subject-Matter Jurisdiction

The jurisdiction of a tribunal to consider legal disputes within a certain category or connected to a particular topic.

In Personam Jurisdiction

A court's power to bring a person into its adjudicative process; jurisdiction over a person's rights, rather than over property.

Question of Fact

In legal contexts, this refers to a point of contention that involves the truth or falsity of factual statements, which is decided by a judge or jury.