When choosing how much sugar to add to my coffee, I very carefully consider how much more enjoyable a little bit more sugar will make my coffee versus how much that little bit of sugar costs. This is a somewhat silly example of which big idea in economics?
Added by Phyllis T.
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Marginal analysis involves making decisions by comparing the additional benefits of a little more of something (in this case, sugar in coffee) with the additional costs. Show more…
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