A choice made by comparing all relevant alternatives systematically and incrementally is
A)a sunk cost.
B)a choice on the margin.
C)a choice made in the social interest.
D)a benefit.
E)an opportunity cost.

Question

Quizplus · Accepted Answer

A choice made on the margin involves systematically and incrementally comparing all relevant alternatives to determine the best option based on the additional benefits and costs of each alternative. This type of decision-making allows for the most efficient allocation of resources and maximization of benefits.

A Choice Made by Comparing All Relevant Alternatives Systematically and Incrementally