Purpose: Learning how to optimize your resources and improve efficiency is a skill that you can use for the rest of your life. In this discussion, you will identify an opportunity to implement economic decision making using marginal analysis.
Post: What does it mean when economists say you should compare the marginal costs of an action to the marginal benefits? Why wouldn’t you compare the total costs and benefits?
Provide a personal example of something that is usually considered an all or nothing decision and explain how you can break it down into steps to conduct a marginal cost-benefit analysis.
Briefly explain how you would make your decision on when to continue and when to stop in this example.
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