Which statements represent the need for marginal analysis when making rational decisions?
A)
B)
Sue has a week vacation and is trying to decide between going to Disney
World or on a cruise.
A manufacturing plant is trying to expand their business by deciding
between locating it in Atlanta or New Orleans.
Rick has $6 and wants to buy an ice cream where he can get one scoop for
$3, two scoops for $5, or three scoops for $6.
A Christmas tree stand is trying to decide whether to offer the twenty trees
remaining at a discount on Dec 23 or to maintain regular pricing.
A teenager is deciding whether to pay for the sixth ticket that costs $6 to
ride the roller coaster as he is starting to feel a bit nauseous and only has
$10 in his pocket.
D)
E)
Fundamental Economic Concepts