Question

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. Group of answer choices marginal analysis benefit analysis utility opportunity cost

Answer 1

Answer:

marginal analysis

Explanation:

it is believed that the rational man makes marginal analysis.

for example, a rational man would continue consumption up to the point that the marginal utility of the last bottle consumed equal marginal price.

If marginal utility falls below price, consumption should stop.

If marginal utility is above price, consumption should continue