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Rational people make decisions “at the margin” by:
 
A. Following marginal traditions.
B. Behaving in a random fashion.
C. Thinking in black-and-white terms.
D. Comparing marginal costs and marginal benefits.

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Prachi Dabas
Prachi DabasLv10
23 Oct 2020

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Related questions

Economics assumes people and firms:  
A. use all available information to achieve their goals, respond to incentives, and make decisions by comparing total benefits with total costs. 
B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.  
C. know everything, respond to incentives, and make decisions by comparing marginal benefits with marginal costs. 
D are rational, respond to incentives, and make all-or-nothing decisions.  
E. are rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

Economics assumes people and firms:

A. are rationalare rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.

C. use all available information to achieve their goals, use all available information to achieve their goals ,respond to incentives, and make decisions by comparing total benefits with total costs.

D. are rational, respond to incentives, and make all-or-nothing decisions.

E. always make the best decisions, always make the best decisions, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

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 marginal dollar costs for each decision

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