What is an example of thinking at the margin
Marginal benefit is the potential upside of adding one more unit.(1 point) one zero infinitely many three i am not sure since there isnt a variable.I am thinking the answer is either one or infinity many.Which is an example of thinking at the margin?Deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time is an example of thinking at the margin.
Generally, rational people think at the margin whenever they think either to expand production or consumption.The idea that people make decisions after thinking about the costs and benefits of adding or subtracting more or less units of time, money, effort etc.Drawing plans to build an extra room on an old home d.On may 23, 2021 by marginhound in customer profitability, margin improvement, pricing analytics, product profitability.The third of mankiw's four principles of economics, states that rational people think at the margin:
Figuring out what you will give up and what you will gain by hiring a new worker b.