What does making optimal decisions 'at the margin' require?
A)Making decisions according to one's whims and fancies
B)Making consistently irrational decisions
C)Weighing the costs and benefits of a decision before deciding if it should be pursued
D)Making borderline decisions

Question

Quizplus · Accepted Answer

Making optimal decisions 'at the margin' requires weighing the costs and benefits of a decision before deciding if it should be pursued. This involves considering the additional costs and benefits of taking an action, or making a choice, and comparing them with the potential outcomes of an alternative decision. It requires making rational decisions based on the available information, rather than acting impulsively or based on emotions.

What Does Making Optimal Decisions 'At the Margin' Require