How Do People Make Decisions at the Margin

question 57

Multiple Choice

How do people make decisions at the margin?

• A)by following tradition
• B)by experience
• C)by calculating dollar costs
• D)by comparing costs and benefits

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Definitions:

Implement

To put a decision, plan, agreement, etc., into effect; to carry out or execute a plan or action.

Strategies

Planned actions or policies designed to achieve a major or overall goal.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, typically for the purpose of making decisions about promotions, salary adjustments, and professional development.