Asked by Desiree Hunter on Apr 25, 2024

You should decide to go to a movie:

A) if the marginal cost of the movie exceeds its marginal benefit.
B) if the marginal benefit of the movie exceeds its marginal cost.
C) if your income will allow you to buy a ticket.
D) because movies are enjoyable.

Marginal Benefit

The additional pleasure or utility gained when one more unit of a good or service is consumed.

Marginal Cost

The additional cost incurred to produce one more unit of a good or service.

  • Acquire knowledge of marginal analysis and its implementation in making decisions.
  • Appreciate the criticality of juxtaposing marginal benefits with marginal costs.