The Benefits and Costs of Watching Your Favorite TV Show
What is an example of marginal analysis?
Deciding whether to watch an additional episode of your favorite tv show by comparing the additional benefits to the additional costs of an extra episode of tv is an example of:
Answer:
This scenario is an example of marginal analysis, an economic principle, where additional benefits of an action are compared with additional costs.
Deciding whether to watch an additional episode of your favorite TV show by comparing the additional benefits to the additional costs of an extra episode of TV is an example of the economic principle of marginal analysis. Marginal analysis involves comparing the additional benefits of an action to the additional costs. In this context, an additional benefit might be the enjoyment you get from watching the show, while the additional cost could be less sleep or less time for other activities.