Which of the following is a proper example of thinking on the margin? A.A business owner sells her business because she failed to sell her product at the desired amount.B.A toy maker can earn more money if she increases supply with one extra employee, so she hires an employee to help. C.A person spends $12 on gas looking for a free parking spot in order to avoid spending $10 in a parking garage. D.A promoter sells tickets to an almost empty theater for half of the normal price in order to increase revenue. E.A hotel owner refuses to rent a room that is normally $120 for $60, even though it is late at night.

Thinking on the margin will be a situation where you take the every possible opportunity.

Answered: Which of the following is a proper…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is a proper example of thinking on the margin?

A.	A business owner sells her business because she failed to sell her product at the desired amount.
B.	A toy maker can earn more money if she increases supply with one extra employee, so she hires an employee to help.
C.	A person spends $12 on gas looking for a free parking spot in order to avoid spending $10 in a parking garage.
D.	A promoter sells tickets to an almost empty theater for half of the normal price in order to increase revenue.
E.	A hotel owner refuses to rent a room that is normally $120 for $60, even though it is late at night.

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