As such, it focuses on measuring the additional benefits and costs of the next choice, ignoring what has gone past. Only by seeking to equate marginal benefits with marginal cost can one strive to obtain the maximum value from an objective. Correctly incorporate the term marginal in your answer. They slope upward because only at higher prices can the supplier afford to hire additional resources away from their more highly valued uses. Correctly incorporate the term marginal in your answer.
Demand curves measure the marginal benefits of buying an additional good or service.
They slope downward because as the price of a good falls more of the good is substituted for less valued uses. If the marginal benefit of doing something today is lower than the marginal cost, then one should leave it to tomorrow. Explain, using a graph of the marginal benefits and marginal costs of criminal behavior to illustrate your answer. If one's goal is to maximize anything , then the marginal decision rule applies. See Figure 1.