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Marginal analysis is contrasted in the text with choices that are:
AAll or nothing
BMade by committee
CMade only by firms
DPurely accidental
Answer & Solution
Correct answer: A. All or nothing
1. Most real decisions adjust a quantity rather than adopting or abandoning something entirely.
2. Instead, most choices involve marginal analysis.
3. That means examining the benefits and costs of choosing a little more or a little less of a good.
4. Treating every choice as total acceptance or total rejection misdescribes how people decide.
5. Who makes the decision is a separate question from how it is framed.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 2 'Choice in a World of Scarcity', sections 2.1-2.3_
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