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Author Question: When economic choice involves an adjustment to an existing situation, marginal analysis a. has no ... (Read 77 times)

jayhills49

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on: Jul 1, 2018
When economic choice involves an adjustment to an existing situation, marginal analysis
 a. has no practical applications or real-world uses
  b. eliminates incorrect decisions and bad choices
  c. involves comparing the additional costs and additional benefits of an activity before deciding
  d. involves examining only the total costs and total benefits of an activity before deciding
  e. none of the above

Question 2

Economic decision makers will continue to acquire information only as long as the expected additional benefit exceeds the expected additional cost of the information.
 a. True
  b. False


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chinwesucks

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


jayhills49

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  • Posts: 559
Reply 2 on: Jul 1, 2018
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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