Multiple Choice
Rational behavior requires "thinking at the margin." Which of the following is an example of this type of thinking?
A) deciding whether a second burger is worth the extra $2
B) deciding whether your overtime pay is worth working on Saturday (your day off)
C) deciding whether to pay a fine for polluting the local harbor or installing antipollution machinery
D) All of these are examples of "thinking at the margin."
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Markets provide an incentive structure to<br>A) maximize
Q49: Efficiency within economics focuses on<br>A) how well
Q108: Which of the following is a macroeconomic
Q111: Which of the following does NOT deal
Q114: Which of the following is NOT true?<br>A)
Q115: Which topic is MOST likely to be
Q116: What are some ways you use marginal
Q181: Economists never assume that people respond to
Q204: Thinking at the margin is defined as
Q228: Opportunity cost involves nonmonetary costs rather than