Decision Making on the Margin Involves

question 275

Multiple Choice

Decision making on the margin involves

• A) comparing the marginal cost and marginal benefits when making a decision.
• B) comparing the total cost and the total benefit when making a decision.
• C) eliminating the additional cost when making a decision.
• D) determining the total benefits of a decision.
• E) comparing the benefits from the social interest to the benefits from the person's self-interest.

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Definitions:

TIMSS

An acronym for Trends in International Mathematics and Science Study, which assesses the knowledge and skills of students around the world in these subjects.

International Test

An assessment administered across multiple countries to evaluate and compare educational performance or abilities.

Science And Math

Academic disciplines that study the natural world using the scientific method and the use of numbers and symbols to understand patterns, quantities, and structures.