Question: Decision making on the margin involves comparing the total cost and the total benefit when making a decision. comparing the marginal cost and marginat benefits
Decision making on the margin involves
comparing the total cost and the total benefit when making a decision.
comparing the marginal cost and marginat benefits when making a decision.
comparing the benefits from the social interest to the benefits from the person's selfinterest.
determining the total benefits of a decision.
eliminating the additional cost when making a decision.
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