The marginal units of action choice X:
A) are the last ∆X units and tend to generate the greatest amount of marginal benefits.
B) are the last ∆X units and tend to generate the smallest amount of marginal costs.
C) are the initial ∆X units, where ∆X represents the change in the units of X.
D) are the last ∆X units, where ∆X is the smallest amount you can add or subtract.

Question

Quizplus · Accepted Answer

Marginal units of action choice X refer to the last incremental units (∆X) added or subtracted from a total quantity, where ∆X represents the smallest change possible. This concept is fundamental in economics, particularly in marginal analysis, where decisions are made based on the additional benefits or costs of a small change in quantity.

The Marginal Units of Action Choice X