What Does Making Decisions "At the Margin" Mean

question 150

Multiple Choice

What does making decisions "at the margin" mean?

• A) that people make those decisions that do not impose a marginal cost
• B) that people evaluate how easily a decision can be reversed if problems arise
• C) that people compare the marginal costs and marginal benefits of each decision
• D) that people always calculate the marginal dollar costs for each decision

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Definitions:

Physical Differences

The variations in bodily characteristics among individuals or groups, including aspects like height, skin color, facial features, and genetic traits.

Ancient Skeletons

The remains of humans from past civilizations or epochs, which archaeologists and anthropologists study to understand human evolution, lifestyle, and history.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by opposable thumbs, high intelligence, and complex behaviors.

Arboreal Primate

A category of primates adapted to living in trees, characterized by features such as grasping hands and feet for climbing.