When economists use the term "marginal," they usually refer to
A) average change.
B) no changes.
C) small, incremental change.
D) large changes.

Question

Quizplus · Accepted Answer

Economists use the term "marginal" to refer to small, incremental changes. Marginal analysis involves examining the effects of small changes in one variable while holding all other variables constant. This is because these small changes can have important impacts on overall outcomes or decisions.

When Economists Use the Term "Marginal," They Usually Refer to