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 87 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?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.