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11 March, 16:04

Interpreting a Decision-Making Grid Decision Making at the Margin Options Benefits Opportunity Cost

Work 1 hour 1 hour pay 1 hour of study or recreation time

Work 2 hours 2 hours pay 2 hours of study or recreation time

Work 3 hours 3 hours pay 3 hours of study or recreation time

Work 4 hours 4 hours pay 4 hours of study or recreation time

Work 5 hours 5 hours pay 5 hours of study or recreation time

Why is the decision being made a decision at the margin?

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  1. 11 March, 16:30
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    He has to weigh out his options. He has to figure out if the extra amount work is worth the amount of study/free time lost.
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