To say that people make marginal decisions means that: 1.they usually wait until

Question

To say that people make marginal decisions means that:
1.they usually wait until the last minute before making a decision to buy

2. they weigh the additional costs and additional benefits of various activities before they make a decision


3. most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence

4. given a choice, most people would prefer to make their own decisions concerning the things that affect their lives


4. Economic theories are:
a. useful because they are as exact as theories in the physical sciences

b. useless because they are based on abstractions

c. useful because they allow us to make predictions

d. too complex to understand because they include all of reality

Stockholders share in the profits of a corporation (Points : 1)
a. in proportion to their years of stock ownership
b. in proportion to their ownership of stock
c. equally regardless of number of shares owned
d. only if they participate in firm management decisions

Explanation / Answer

FIRST PART : ANSWER is 2nd option. " they weigh the additional costs and additional benefits of various activities before they make a decision. " 2ND PART : (4) : ANSWER is option c. " useful because they allow us to make predictions. " 3RD PART : ANSWER IS option b . " in proportion to their ownership of stock. "

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