You decide whether to eat one more slice of pizza based on h

You decide whether to eat one more slice of pizza based on how hungry you feel. This statement best represents this economic concept:

There are gains from trade.
Resources are scarce.
The real cost of something is what you must give up to get it.
“How much” is a decision at the margin.

Solution

Since the consumer decides whether to eat next slice of pizza based upon how hungry he is, here he is eating by judging the marginal utility of slice of pizza.

Hence this statement represent the economic concept: how much is a decision at the margin.

Hence option fourth is the correct answer.

You decide whether to eat one more slice of pizza based on how hungry you feel. This statement best represents this economic concept: There are gains from trade

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