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

Question

Quizplus · Accepted Answer

Economists use the term "marginal" to describe small incremental changes in a variable, such as a unit increase or decrease in quantity or price. This helps them analyze the effects of small changes in different economic scenarios.

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