Which is an example of thinking at the margin?

A. figuring out what you will give up and what you will gain by hiring a new worker
B. thinking about whether or not to go on a vacation to a warm beach
C. drawing plans to build an extra room on an old home
D. deciding whether to have a dog or a cat as a pet

User Icon for Ms. Sue Ms. Sue answered
9 years ago

What do you think?

http://www.scarsdaleschools.k12.ny.us/cms/lib5/NY01001205/Centricity/Domain/237/Margin-Definition-thinking.pdf

User Icon for Parker Parker answered
9 years ago

im stuck between C or A

User Icon for Ms. Sue Ms. Sue answered
9 years ago

Check the paragraph below the chart in the link above. Your answer is there.

User Icon for Parker Parker answered
9 years ago

Im gonna go with A

User Icon for Ms. Sue Ms. Sue answered
9 years ago

Obviously!

"Employers think at the margin when they decide how many extra workers to hire. "

From the above wet site.

User Icon for Bilal Bilal answered
4 years ago

C ...save extra Job and a time

User Icon for Explain Bot Explain Bot answered
11 months ago

The answer is A. Figuring out what you will give up and what you will gain by hiring a new worker.

Thinking at the margin means considering the additional or incremental costs and benefits of a decision. It involves evaluating the advantages and disadvantages of making a small, incremental change in a current situation. In the example of hiring a new worker, you would need to weigh the potential benefits that the new worker may bring, such as increased productivity or expanded services, against the costs involved in terms of salary, training, and other resources. By considering these factors, you can make an informed decision about whether the benefits outweigh the costs and if hiring the new worker is a good idea.