In economics, marginal usually refers to:
A) a small change in an economic variable.
B) a low-quality product or resource.
C) an unimportant and irrelevant economic variable.
D) an all-or-nothing economic decision.
E) a footnote or minor point.
Correct Answer:
Verified
Q63: When economists say that people act as
Q64: If the marginal cost of adding a
Q65: Economists generally believe that:
A) a rational individual
Q66: A rational decision maker will make a
Q67: Rational choice implies:
A) the use of an
Q69: Given that consumers need time and information
Q70: Given that consumers need time and information
Q71: For an economist, marginal means:
A) incremental.
B) unimportant.
C)
Q72: Rational choice takes time and requires information,
Q73: For a non-economist, marginal means:
A) incremental.
B) unimportant.
C)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents