In economics, the term "marginal" refers to
A) total.
B) a change in the total.
C) average change.
D) inverse.

Question

Quizplus · Accepted Answer

In economics, the term "marginal" refers to a small or incremental change in the total. It is used to analyze the effect of a change in a particular variable on the overall outcome or total. For example, marginal cost refers to the additional cost of producing one more unit of a good, while marginal revenue refers to the additional revenue earned by selling one more unit of a good.

In Economics, the Term "Marginal" Refers to