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Author Question: What is meant by the term marginal change? What will be an ideal ... (Read 85 times)

stevenposner

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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 ¦ 7th Edition
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olivia_paige29

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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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