Answer:
Today and in the 1970's inflation is very high
Effective decision-making means comparing the additional
costs of alternatives with the marginal benefits.
To add, <span>a </span>marginal benefit<span> is the additional satisfaction or utility that a
person receives from consuming an additional unit of a good or service.</span> It
is also the topmost amount he is willing to pay to consume that additional
unit of a good or service.
