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When you are thinking on the margin the which factor should most influence your decision is?
Wiki User
∙ 10y ago
opportunity cost
Wiki User
∙ 10y ago
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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 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.
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 thinking at the margin?
The opportunity costs and the benefits.
What are you doing when you make a decision at the margin?
In Economics, marginal decision making helps to analyze various factors. When you make a decision at the margin, you evaluate rationality in an attempt to come to the best choice.
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 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.
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 thinking at the margin?
The opportunity costs and the benefits.
What are you doing when you make a decision at the margin?
In Economics, marginal decision making helps to analyze various factors. When you make a decision at the margin, you evaluate rationality in an attempt to come to the best choice.
What does thinking at the margin help with?
Choosing opportunity cost.
What does thinking at margin help with?
Choosing opportunity cost.
How are contribution margin and gross margin used for decision-making and measurement?
investment, financial markets, business accounting
Which is not type of decision that can be made at the margin?
whether or not to go on vacation
Which is not a type of decision that can be made at the margin?
A) wheather of not to hire 100 new workers
Which is not a type of decision that can be made at margin?
A) wheather of not to hire 100 new workers
What is deciding whether to do or use one additional unit of some resource?
Thinking at the margin... i think
