Which of the Following Best Characterizes Marginal Thinking

question 35

Multiple Choice

Which of the following best characterizes marginal thinking?

• A) comparing the total benefit and total cost of two desserts when deciding whether or not to enjoy a second dessert
• B) the rule of rational choice
• C) calculating the ratio of the total benefit of an activity to the total cost of that activity
• D) people wanting to make themselves better off

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Definitions:

Personality Traits

Enduring characteristics or qualities that define an individual's behavior across different situations.

Value Orientations

Pertains to the principles and beliefs that influence an individual's behavior and choices, shaping their perspective on life.

Western European Nations

Countries located in the western part of Europe, often characterized by shared historical and cultural traits.

Eastern European Nations

Countries located in the eastern part of the European continent, which may include nations like Poland, Hungary, Czech Republic, and others, depending on the context used.