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Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions What is meant by optimal decisions are made at the margin?What does this mean? To make an optimal decision, economists ask: “What are the extra (marginal) costs and what are the extra (marginal) benefits associated with the decision?” If the extra benefits are bigger than the extra costs, you shall go ahead with the decision, namely the decision is good.
What does it mean to make decisions at the margin quizlet?What does it mean if a person makes a "decision at the margin"? The person compares additional benefits and costs when deciding what to do.
What does it mean to think at the margin quizlet?Thinking- at- the- margin principle. the idea that people make decisions after thinking about the costs and benefits of adding or subtracting more or less units of time, money, effort etc.
What does the word margin mean in economics quizlet?The word "marginal" means "additional." The first glass of lemonade on a hot day quenches your thirst, but the next glass, maybe not so much. If you think at the margin, you are thinking about what the next or additional action means for you. cost/benefit analysis. ... marginal cost.
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In economics, what is meant by optimal decisions are made at the margin? quizlet
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