MARGINAL COST/BENEFIT
Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Most choices involve doing a little more or a little less of something: few choices are "all or nothing" decisions.
At the completion of Grade 8, students will know the Grade 4 benchmarks for this standard, and also understand:
To determine the best level of consumption of a product, people must compare the additional benefits with the additional costs of consuming a little more or a little less.