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

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Definitions:

Metaphors

Linguistic expressions where a term or phrase is applied to an object or action to which it is not literally applicable, often to suggest a resemblance or symbolic meaning.

Abstract Concept

A notion or idea that does not have a physical or concrete existence, often complex and not immediately comprehensible without analysis or reflection.

Concrete Ideas

Ideas that are clear, specific, and often based on tangible or observable phenomena.

Schemas

Cognitive structures that help individuals organize and interpret information from the world around them, based on prior knowledge and experience.