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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Economists say that individuals make decisions at the margin. What does this mean?

To determine

Explain why economists say individuals make decision at margin.

Explanation

Generally, decisions are made depending upon its marginal cost incurred and marginal benefit received. Economists say that individuals make decisions at the margin because individuals must consider the additional benefit or marginal benefit revived by doing a particula...

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