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The opportunity costs and the benefits.
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∙ 11y ago
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When you are thinking on the margin the which factor should most influence your decision is?
opportunity cost
What does thinking at the margin mean?
Thinking about the costs and benefits of making changes in behavior. when you make a decision, most people think on the margin, meaning they think about the positive and negative benefits of making one decision rather than another.
When you are thinking on the margin the factor that should most influence your decision is most closely described by which of the following terms?
opportunity cost
What are the Four elements of the economic way of thinking?
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
How does thinking at the margin change the decision-making process?
It gives you more time to think about your choices and using time to see how you could process over that period
What does thinking at the margin help with?
Choosing opportunity cost.
What does thinking at margin help with?
Choosing opportunity cost.
When you are thinking on the margin the which factor should most influence your decision is?
opportunity cost
What does thinking at the margin mean?
Thinking about the costs and benefits of making changes in behavior. when you make a decision, most people think on the margin, meaning they think about the positive and negative benefits of making one decision rather than another.
What is deciding whether to do or use one additional unit of some resource?
Thinking at the margin... i think
When you are thinking on the margin the factor that should most influence your decision is most closely described by which of the following terms?
opportunity cost
What is the continental margin margin?
the margin of the continental
One example of thinking at the margin is?
Deciding whether the benefit of working two extra hours per day is woth the sacrifice of study time.
What are the Four elements of the economic way of thinking?
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
How does thinking at the margin change the decision-making process?
It gives you more time to think about your choices and using time to see how you could process over that period
What is the difference between buying on margin and margin call?
Buying on margin, taking a "margin" loan from the broker to help buy part of a stock purchaseMargin call, this happens when the broker demands full payment of your "margin" loan
Profit margin formula?
Contribution of margin safety x margin of safety
