Making a Choice at the Margin Means

question 40

Multiple Choice

Making a choice at the margin means

• A) letting someone else choose for you.
• B) waiting until the last minute to make a choice.
• C) deciding to do a little bit more or a little bit less of an activity.
• D) making a choice by comparing the total benefit and the total cost.

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Definitions:

Copyright

Copyright is a legal term describing rights given to creators for their original works, including the exclusive right to reproduce, distribute, and adapt the creation.

Rivals Imitate

The process by which companies mimic the strategies, products, or practices of their competitors.

Originator's Profits

The earnings generated by the creator or initial producer of a product or service, typically before any secondary market involvement.

Innovation

The act of introducing something new or making improvements to existing products, services, methodologies, or technologies.