Asked by Kiara Venegas on Jul 22, 2024
Verified
Rational people make decisions "at the margin" by comparing ______.
Rational People
People who systematically and purposefully do the best they can to achieve their objectives.
At the Margin
Decision making based on the additional benefit or cost of one more unit of change, often used in economic analysis.
- Understand the concept of marginal decision-making in economics.
Verified Answer
IC
Learning Objectives
- Understand the concept of marginal decision-making in economics.
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