For Which of the Following Decisions Would Marginal Analysis Be

question 136

Multiple Choice

For which of the following decisions would marginal analysis be relevant?

• A) spending $1,000 on a summer vacation or on painting your house
• B) deciding how much to spend on a summer vacation
• C) buying a new car or a second-hand car
• D) eating dinner at home or going out to a restaurant for dinner

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Definitions:

Competitions

Events or contests where participants strive to win by surpassing others in performance or skill.

There's

Contraction for "there is," used to indicate the existence of something.

She'll

Contraction of "she will" or "she shall," used to indicate future action.

77-Inch-Long

A measurement indicating something is seventy-seven inches in length.