For which decision would marginal analysis be MOST relevant?
A)Should George accept a job with Delta Airlines or with Greenpeace?
B)Should Mary go to graduate school after graduating from college?
C)Should Vivek emigrate to the United States or stay in India?
D)Should Hong work an additional hour or take a short nap?

Question

Quizplus · Accepted Answer

Marginal analysis involves comparing the costs and benefits of taking an additional action. In this case, the decision of whether to work an additional hour or take a short nap involves weighing the marginal benefits of earning additional income versus the marginal cost of losing sleep and potentially reducing productivity. Marginal analysis would not be as useful for decisions like accepting a job offer or emigrating, which involve a wider range of factors to consider.

For Which Decision Would Marginal Analysis Be MOST Relevant