Asked by
Akelia Young
on Oct 27, 2024Verified
Thinking in economic terms,when Mary Sweet-Tooth is deciding whether to eat another brownie,she:
A) considers only the price of the brownie.
B) considers only how much additional exercise she will need to do to work off the calories associated with eating another brownie.
C) compares all of the benefits and costs of eating another brownie.
D) considers whether she can do so without anyone else noticing.
Marginal Analysis
A method used in economics and decision-making that examines the costs and benefits of making small (marginal) adjustments to the quantity of a good or service.
Economic Terms
Vocabulary and phrases specific to the study and practice of economics, encompassing theories, models, and real-world financial practices.
Additional Exercise
Additional physical activity or workouts beyond one's regular routine, often aimed at improving fitness or health.
- Get to grips with the theory of marginal analysis and its employment in making daily decisions.
- Apply the principle of marginal analysis to determine optimal levels of activity.
Verified Answer
CC
Learning Objectives
- Get to grips with the theory of marginal analysis and its employment in making daily decisions.
- Apply the principle of marginal analysis to determine optimal levels of activity.