Question

Did Lydia make an all-or-nothing or a marginal decision while spending her money? Justify your response.​

Answer 1

Answer:

Lydia made a marginal decision because she is trying to save for her collage by spending less, she will have some money left over after paying for her necessary to go to her college tuition.

Explanation:

She saved part of it for her college tuition and spent the remainder for the prom dress, car insurance, and birthday gift.

Answer 2

Did Lydia make an all-or-nothing or a marginal decision while spending her money so that she can save some money for her college, that was why she was spending less.

What is marginal decision?

Marginal decision can be regarded as the decision that can be made by  regarding one additional unit of a good.

Therefore , that was what Lydia was trying to do by by comparing the marginal cost and marginal benefit associated with her college and what she was buying.

Read more on the  marginal decision here:

https://brainly.com/question/17230008

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