"Thinking at the margin" involves:
A) influencing how individuals make decisions.
B) making wiser decisions given limited information.
C) maximizing an firm's or individual's well-being.
D) weighing the impact of one additional activity.

Question

Quizplus · Accepted Answer

"Thinking at the margin" involves weighing the impact of one additional activity. It is a decision-making approach that considers the incremental cost and benefits of an action or choice. This helps individuals or firms make more informed and effective decisions. Options A, B, and C are not necessarily the primary objective of "thinking at the margin."

"Thinking at the Margin" Involves