What is the best example of a marginal change
A)College tuition rose by 1% last year.
B)Kim gets a big promotion at work.She also gets a raise from $25,000 per year to $40,000 per year.
C)Mark graduates from university and takes a job.His income increases from $10,000 per year to $50,000 per year.
D)A drought hits Saskatchewan and the price of wheat increases from $4.00 per bushel to $8.00 per bushel.

Question

Quizplus · Accepted Answer

A marginal change is a small, incremental change. In this case, the 1% rise in college tuition is a small and incremental change. The other options involve larger and more significant changes in income or price.

What Is the Best Example of a Marginal Change