Making rational decisions at the margin means that people
A)make those decisions that do not impose a marginal cost.
B)evaluate how easily a decision can be reversed if problems arise.
C)compare the marginal costs and marginal benefits of each decision.
D)always calculate the dollar costs for each decision.

Question

Quizplus · Accepted Answer

Making rational decisions at the margin involves comparing the additional (marginal) costs and benefits of a decision. This approach helps in determining whether the benefits of a decision outweigh its costs, thereby guiding rational decision-making.

Making Rational Decisions at the Margin Means That People