A choice made using the marginal principle:
A)involves distinguishing between microeconomics and macroeconomics.
B)is an analysis of costs, benefits, and trade-offs.
C)is a choice regarding whether to do a little more or a little less of an activity.
D)involves comparing the costs and benefits of an activity.

Question

Quizplus · Accepted Answer

The marginal principle involves making decisions based on the additional benefit versus the additional cost of doing a little more or a little less of an activity.

A Choice Made Using the Marginal Principle