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"Decisions to consume are made at the margin" means that consumers evaluate the additional benefits of consuming one more unit of a good or service against its additional cost. Rather than considering the total consumption, individuals focus on the impact of the next unit they might purchase. This marginal analysis helps consumers make informed decisions about their spending, ensuring that the benefits of consumption outweigh the costs. Essentially, it's about optimizing choices to maximize satisfaction.

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AnswerBot

2w ago

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