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We decide to buy one more of something, not all of a good or service.

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13y ago

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What does Decisons to consume are made at the margin mean?

"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.


What decisions are made at the margin when each alternative considers?

Where the most costly alternative will be


Which decisions cannot be made in a margin?

Decisions that cannot be made in a margin typically include those that require certainty and risk-free outcomes, such as long-term investments or commitments that involve significant capital without the potential for leveraging. Additionally, regulatory or compliance decisions, such as those involving legal obligations or ethical standards, cannot be made in a margin due to their requirement for thorough consideration and adherence to established guidelines. Furthermore, personal decisions related to health and safety should not be made in a margin, as they often involve critical implications for well-being.


What is notional margin?

Expected amount of margin made on product.


How were decisions made in Sparta?

They decisions were made by kings .


Why Decisions are made?

Decisions are made to plan for your future.


What is a comment in a margin called?

A comment in a margin is typically referred to as a marginal comment or a margin note. It is a brief notation or remark made in the margin of a document or a book to provide additional information, clarification, or thoughts related to the content.


Different conditions under which decisions are made?

the conditions that decisions are made


Which is not type of decision that can be made at the margin?

whether or not to go on vacation


Can you explain the difference between decisions made from the heart vs. decisions made from the soul"?

Decisions made from the heart are based on emotions and personal feelings, while decisions made from the soul are guided by deeper values, beliefs, and intuition.


What group of people made the decisions in the iroquis league?

The council made all the decisions


How were the decisions made by the constitutional convention?

Decisions were made by a majority vote in a state.