2.) "When deciding how many toppings to get on my pizza, I chose the number of toppings so that the benefit to me of the last topping I added on my pizza was equal to the cost of the last topping of pizza." This is a (somewhat silly) example of what principle of economics? a.) The relevant cost is opportunity cost b.) Everyone can benefit from trade c.) Markets achieve good outcomes d.) Making decisions on the margin
2.) "When deciding how many toppings to get on my pizza, I chose the number of toppings so that the benefit to me of the last topping I added on my pizza was equal to the cost of the last topping of pizza." This is a (somewhat silly) example of what principle of economics? a.) The relevant cost is opportunity cost b.) Everyone can benefit from trade c.) Markets achieve good outcomes d.) Making decisions on the margin
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
Problem 3PA
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