What Does Making Optimal Decisions 'At the Margin' Require

question 22

Multiple Choice

What does making optimal decisions 'at the margin' require?

• A)Making decisions according to one's whims and fancies
• B)Making consistently irrational decisions
• C)Weighing the costs and benefits of a decision before deciding if it should be pursued
• D)Making borderline decisions

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Definitions:

Holistic Conception

An approach or thought that emphasizes the importance of the whole and the interdependence of its parts.

Philosophers

Individuals who engage in critical study, thought, and discussion of fundamental questions regarding life, knowledge, values, reason, mind, and language.

Individualism

The moral, political, or social outlook that emphasizes the moral worth of the individual and the importance of independence and self-reliance.

Jean-Jacques Rousseau

A Genevan philosopher, writer, and composer of the 18th century whose political philosophy influenced the Enlightenment across Europe, as well as aspects of the French Revolution and the development of modern political, sociological, and educational thought.