What is meant by the term marginal change? What will be an ideal ...

Author Question: What is meant by the term marginal change? What will be an ideal ... (Read 43 times)

stevenposner

Hero Member
Posts: 608

on: Jun 30, 2018

What is meant by the term marginal change?

What will be an ideal response?

Question 2

If an economy produced 60 pounds of sushi at 12 per pound and 15 gallons of sake at 30 per gallon, the total value of these goods and services would be

A) 450. B) 720. C) 1,170. D) 2,700.

Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7^th Edition

Buy Test-Bank

olivia_paige29

Sr. Member
Posts: 334

Reply #1 on: Jun 30, 2018

Answer to Question 1

A marginal change is a small, one unit change in value.

Answer to Question 2

C

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.