An Example of a Marginal Decision Is Deciding Whether To

question 177

Multiple Choice

An example of a marginal decision is deciding whether to:

• A) invest half your savings in Google or Microsoft.
• B) buy one more apple or one more banana.
• C) commit your life to economics or biology.
• D) study for 5 hours or for 10 hours.

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Definitions:

High Emotional Intelligence

The ability to recognize, understand, and manage our own emotions as well as to recognize, understand, and influence the emotions of others.

Sensitivity

The quality of being easily affected by external stimuli or the feelings of others, or the ability to perceive and respond to subtle changes or details.

Self-awareness

The conscious understanding of one's own character, feelings, motives, and desires.

Immediate Gratification

The desire to experience pleasure or fulfillment without delay, often prioritizing short-term rewards over long-term goals.