Rational Decision Making & Marginal Analysis
Students will explore the concept of rational choice and apply marginal analysis to understand how individuals and firms make decisions.
Key Questions
- Analyze how rational actors weigh marginal benefits against marginal costs.
- Explain why decisions are often made 'at the margin' rather than 'all or nothing'.
- Construct a personal decision-making scenario using marginal analysis.
Ontario Curriculum Expectations
Suggested Methodologies
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