Making Rational Decisions "At the Margin" Means That People

question 176

Multiple Choice

Making rational decisions "at the margin" means that people

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

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Definitions:

Reinforcement

In behavioral psychology, a stimulus that increases the probability of a behavior being repeated.

Operant Conditioning

A learning principle where behaviors are influenced by the consequences that follow, such as rewards or punishments.

Biofeedback

A technique that teaches individuals to improve their health by controlling bodily processes that normally happen involuntarily, such as heart rate or blood pressure.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, typically measured as systolic (pressure during heartbeat) and diastolic (pressure between beats) values.