Making a Decision "On the Margin" Involves Comparing

question 16

Multiple Choice

Making a decision "on the margin" involves comparing:

• A) additional benefits against additional costs.
• B) total benefits against total costs, which include benefits and costs from past decisions.
• C) sunk costs against opportunity costs.
• D) the most benefit you could expect to get without considering costs.

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Definitions:

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An American sociologist recognized for his work on racial inequality and economic disparity.

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