Making Rational Decisions at the Margin Means That People

question 102

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 dollar costs for each decision.

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Definitions:

Cornell System

A systematic method of note-taking that involves dividing paper into sections to organize notes and summaries for effective study.

Auditory Learner

A person who learns best through listening and benefits greatly from oral instruction and discussions.

Reading Comprehension

The ability to understand and interpret the meaning from written text, grasping its main ideas, themes, and details.

Modern Literature

Literary works produced in the late 19th century onwards, often characterized by a break from traditional styles and a focus on new forms of expression.