Read each question and choose the best answer.

Question

A basketball coach is performing a cost/benefit analysis in order to determine if more hours of practice would help the team score more points. The coach's action is an example of
A. individual trade-offs.
B. opportunity cost.
C. marginal thinking.
D. marginal benefit.

Answer 1

The best answer is C. marginal thinking.

In this context, the coach is evaluating the additional benefits of more practice hours (in terms of points scored) against the additional costs (time, resources, etc.) associated with those extra hours. This analysis exemplifies marginal thinking, where decisions are made based on the additional benefits and costs of an action.