A marginal change is best illustrated by which of the following?
A) Nancy retires and takes a part-time job.She was working 40 hours per week and now works 15 hours per week.
B) A large, state-supported university has announced that due to state budget deficits, tuition must rise by 20 percent next year.
C) Ryan moved to a new apartment and now pays 40 percent more rent than before.
D) Arizona, which usually receives 10 inches of rain per year, received 11 inches last year.
Correct Answer:
Verified
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