What is the best example of a marginal change?
A) After graduating from university, Makena's income increases from $1000 per month to $5000 per month.
B) In 2018 minimum wage in Saskatchewan increased from $11.4 |0 per hour to $14.00.
C) Housing prices in an area increased by 20% when a new highway connected a small city to the provincial capital.
D) A hard freeze wipes out half of the grape crop in Ontario and the price of Ontario wine doubles.

Question

Quizplus · Accepted Answer

The increase in minimum wage is a marginal change, as it is a small, incremental adjustment. The other options involve more significant changes (increases in income and housing prices or crop loss impacting prices).

What Is the Best Example of a Marginal Change