Economists believe that the best decisions are made at the margin. True or False

if we want to get the most out of our resources, options should be chosen only when the marginal benefits exceed the marginal cost. ... All these decisions are marginal because they involve consideration of additional costs and benefits

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kapoorprachi783 kapoorprachi783 · Answer 2 · 2022-07-21T12:28:52+02:00

Economists believe that the best decisions are made at the margin.

The statement is true.

Do economists accept as true that nice selections are made on the margin?

Economists consider that satisfactory choices are made at the margin. The production possibilities Curve or Frontier illustrates each of the economic concepts of scarcity and possibility fee. Economists experience the great manner to assess the cost of a choice is to don't forget every feasible alternative preference.

Questioning at the margin way to let the beyond cross and to suppose forward to the next hour, day, year, or dollar that you dissipate in time or cash.

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