Marginal Cost & Marginal Benefit
1. How can I cite three examples of personal decisions, in which I weighed:
a. marginal cost
b. marginal benefit.
(Make sure these are socially acceptable).© BrainMass Inc. brainmass.com October 10, 2019, 1:13 am ad1c9bdddf
Almost any time you make a purchase you are at least subconsciously using marginal analysis. For example, when you buy fast food, you are often offered the chance to "super size." You weigh the cost of the additional cost of the super sized meal (the marginal cost) against how much benefit you will derive from it (marginal benefit). If you're very hungry, you will likely decide ...
Examples of personal decisions that reflect the concepts of marginal cost and marginal benefit.