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When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _________

Amarginal cost
Bopportunity cost
Cthe guns or butter theory
Dmarginal opportunity benefits?

Verified Answer :

jepessoa

Answer:

B) opportunity cost

Explanation:

Opportunity cost refers to the cost of choosing one alternative over another, for example, if I decide to quit my job and start a band, my opportunity cost would be my old salary.

Thinking on the margin refers to a concept where decisions are based on small changes in resources, for example, if the price of gasoline increases by 30%, you will probably drive less.

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