The economic way of thinking entails: making choices at the margin. the analysis of costs but not benefits. making the distinction between microeconomics and macroeconomics. the analysis of benefits but not costs.

Question

Alonso Ali

Business

6 September, 18:05

The economic way of thinking entails: making choices at the margin. the analysis of costs but not benefits. making the distinction between microeconomics and macroeconomics. the analysis of benefits but not costs.

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Answers (1)

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Alina Hayes · Answer 1

the answer is making choices at the margin.

Explanation:

the marginal way of thinking refers to the analysis and consideration of extra units of output in relation to an extra unit of input, rather than looking at the whole.

This, is also known as the marginal approach.