Marginal Analysis5. Suppose you choose to eat 3 slices of pizza for dinner. An economist who is using marginal thinking to analyze yourdecision would be most interested in the answer to which of the following questions?A) Why did you eat 3 slices of pizza instead of 4B) Why did you eat more than 1 slice of pizza?C) Why didn't you eat 5 slices of pizza?D) Why did you have pizza instead of a salad?6. The additional benefits you would get if you had taken 1 more credit this semester is the:A total beneit of college creditsB) marginal cest of a college credittotal cost of college creditsD) marginal benefit of a college credit/7. Which of these gives the best definition of "the margin" as economists use the term?A The value of the next best choice that you give up when you make a decisionE The limit to an individual's ability to do complex mathematical calculationsC) The dividing line between an action that is taken and an action that is not taker) The difference between the benefit and the cost of continuing an activity26LeaveParticipantsChatShare ScreenReactionsUnmuteStart VideoREtabDeaps leckB14505www36comm andoptionContrel

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Marginal Analysis 5. Suppose you choose to eat 3 slices of pizza for dinner. An economist who is using marginal thinking to analyze your decision would be most interested in the answer to which of the following questions? A) Why did you eat 3 slices of pizza instead of 4 B) Why did you eat more than 1 slice of pizza? C) Why didn't you eat 5 slices of pizza? D) Why did you have pizza instead of a salad?

Marginal Analysis 5. Suppose you choose to eat 3 slices of pizza for dinner. An economist who is using marginal thinking to analyze your decision would be most interested in the answer to which of the following questions? A) Why did you eat 3 slices of pizza instead of 4 B) Why did you eat more than 1 slice of pizza? C) Why didn't you eat 5 slices of pizza? D) Why did you have pizza instead of a salad?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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