Asked by
Harvey Fisher
on Oct 25, 2024
Verified
Which statement describes a "how much" decision?
A) Mary is trying to decide whether to go to work or go to college after she graduates from high school next month.
B) Andrea is trying to decide whether to go to graduate school in economics or go to law school.
C) Tim is trying to decide the amount of money to save each month to buy a new car next year.
D) Andy is trying to decide whether to take a prep course for the Law School Admissions Test.
How Much Decision
Decisions relating to the quantity of goods or services to use, produce, or purchase, typically based on cost-benefit analysis.
- Discern and articulate the differentiation between "either-or" and "how much" decision frameworks.
Verified Answer
HH
Learning Objectives
- Discern and articulate the differentiation between "either-or" and "how much" decision frameworks.