After eating three slices of pizza,you decide to eat one more piece.Your decision is an example of the economic concept called:

A) opportunity-cost decision.
B) people responding to incentives.
C) equity decision.
D) marginal decision making.

Question

kennedy eckert · Accepted Answer

Final Answer : D, Explanation :  This decision is an example of marginal decision making, which means making choices based on the additional benefits and costs of an action. In this case, the additional benefit of eating one more slice of pizza is greater than the additional cost, so the decision is made to eat another slice.

After eating three slices of pizza,you decide to eat one more piece.Your decision is an example of the economic concept called:

A) opportunity-cost decision.
B) people responding to incentives.
C) equity decision.
D) marginal decision making.

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Learning Objectives

Related questions

After eating three slices of pizza,you decide to eat one more piece.Your decision is an example of the economic concept called:A) opportunity-cost decision.B) people responding to incentives.C) equity decision.D) marginal decision making.

Definitions

Learning Objectives

Learning Objectives

Related questions

After eating three slices of pizza,you decide to eat one more piece.Your decision is an example of the economic concept called:

A) opportunity-cost decision.
B) people responding to incentives.
C) equity decision.
D) marginal decision making.