To Say That People Make Decisions at the Margin Means

question 60

Multiple Choice

To say that people make decisions at the margin means that:

• A) they usually wait until the last minute before making any decision.
• B) they weigh the additional costs and the additional benefits of various activities before they make a decision.
• C) most people just barely get by on the incomes they earn and live in poverty.
• D) if given a choice, most people would prefer to make their own decisions concerning the things that affect their lives.
• E) they consider the total cost and the total benefit of various activities before they make a purchase.

---

Definitions:

General Partners

Individuals in a partnership who are personally liable for the debts and obligations of the partnership, beyond the amount they have invested.

Certificate of Limited Partnership

A legal document filed with a state authority that establishes the existence of a limited partnership and includes key details about its structure and operation.

General Partner

A member of a partnership who has management duties and unlimited personal liability for the partnership's debts and obligations.

Capital Contributions

Funds or assets introduced into a firm or partnership by its owners or partners to support the organization's operations, finance its activities, or expand its assets.