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

The correct option is "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"

According to marginal analysis, it should be noted that optimal decision making has to do with actions that are taken by individuals, firms or government such that the marginal benefit is greater than the marginal cost.

Based on the options given, the correct option is that "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".

In this case, Rick is analyzing his decisions in order to ensure that the marginal benefit is more then the marginal cost.

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