Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 1 - Part I - Ten Principles of Economics - Quick Check Multiple Choice: 3

Answer

A marginal change is one that: b.) incrementally alters an existing plan.

Work Step by Step

According to page 6, a marginal change is a small incremental adjustment to a plan of action. The decision to make a marginal change is often made by comparing marginal benefits and marginal costs.
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