Thinking on the margin can be correctly described as a _____. A. process that helps maximize total benefit B. process that minimizes total cost C. process that can help firms decide how much of a good or service to produce D. process that helps firms set market prices of goods and services

Thinking on the margin can be correctly described as a _____. A. process that helps maximize total benefit B. process that minimizes total cost C. process that can help firms decide how much of a good or service to produce D. process that helps firms set market prices of goods and services

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.2: Trade-offs

Problem 3R

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Thinking on the margin can be correctly described as a _____.

A. process that helps maximize total benefit

B. process that minimizes total cost

C. process that can help firms decide how much of a good or service to produce

D. process that helps firms set market prices of goods and services

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