QuestionJune 1, 2025

Most real-world choices aren't about getting all of one thing or another.instead, most choices involve __ which involves comparing the benefits and costs of choosing a little more or a little less of a good. A utility B opportunity cost C benefit analysis D marginal analysis

Most real-world choices aren't about getting all of one thing or another.instead, most choices involve __ which involves comparing the benefits and costs of choosing a little more or a little less of a good. A utility B opportunity cost C benefit analysis D marginal analysis
Most real-world choices aren't about getting all of one thing or another.instead, most choices involve __ which
involves comparing the benefits and costs of choosing a little more or a little less of a good.
A utility
B opportunity cost
C benefit analysis
D marginal analysis

Solution
4.4(336 votes)

Answer

(D) marginal analysis Explanation 1. Identify the Concept The question describes a decision-making process involving comparing benefits and costs of choosing more or less of something. 2. Match with Options Marginal analysis is the concept that involves comparing the additional benefits and costs of consuming a little more or a little less of a good.

Explanation

1. Identify the Concept<br /> The question describes a decision-making process involving comparing benefits and costs of choosing more or less of something.<br /><br />2. Match with Options<br /> Marginal analysis is the concept that involves comparing the additional benefits and costs of consuming a little more or a little less of a good.
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