When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _________
a. marginal cost
b. opportunity cost
c. the guns or butter theory
d. marginal opportunity benefits?

Opportunity cost refers to the cost of choosing one alternative over another, for example, if I decide to quit my job and start a band, my opportunity cost would be my old salary.

Thinking on the margin refers to a concept where decisions are based on small changes in resources, for example, if the price of gasoline increases by 30%, you will probably drive less.

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When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _________ a. marginal cost b. opportunity cost c. the guns or butter theory d. marginal opportunity benefits?

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When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _________
a. marginal cost
b. opportunity cost
c. the guns or butter theory
d. marginal opportunity benefits?