Making a Decision "On the Margin" Involves Comparing

question 99

Multiple Choice

Making a decision "on the margin" involves comparing:

• A) additional benefits against additional costs.
• B) total benefits against total costs, including benefits and costs from past decisions.
• C) sunk costs against opportunity costs.
• D) all of the benefits you could expect to get, without considering costs.

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Definitions:

Somites

Segmented blocks of mesoderm found in vertebrate embryos that give rise to skeletal muscles, vertebrae, and related structures.

Myelencephalon

The rear part of the brainstem comprising the medulla oblongata, involved in autonomic functions like breathing and heart rate.

Mesencephalon

Also known as the midbrain, it is a portion of the central nervous system associated with vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.

Neural Crest Cells

Embryonic cells that give rise to a diverse range of tissues in vertebrates, including peripheral nerves, the adrenal glands, and facial cartilage.