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 29 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

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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

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