Friday, July 1, 2011

To say that people make marginal decisions means that

ECONOMICS

Multiple Choice

To say that people make marginal decisions means that

a.they usually wait until the last minute before making a decision to buy

b.they weigh the additional costs and additional benefits of various activities before they make a decision

c.most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence

d.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 benefit of various activities before they make a purchase

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