Marginalism Is

question 201

Multiple Choice

Marginalism is

• A) the best alternative that we forgo when making a decision.
• B) the study of how societies choose to use scarce resources.
• C) a market situation in which profit opportunities are eliminated almost instantaneously.
• D) the process of analyzing the additional costs or benefits arising from a decision.

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Definitions:

Voice Mail Communication

A system that records messages from callers when the recipient is unable to answer the phone.

Social Media

Platforms and websites that enable users to create and share content or to participate in social networking.

Electronic Bulletin Board

An online forum where users can post messages and comments on various topics.

Wikis

Collaborative websites that can be edited by multiple users, often used for information sharing and collaborative documentation.