Multiple Choice
What is the best example of a marginal change?
A) College tuition rose by 5% last year.
B) Yao gets a big promotion at work. He also gets a raise from $50,000 per year to $80,000 per year.
C) Rory graduates from university and takes a job. His income increases from $10,000 per year to $50,000 per year.
D) A drought hits Alberta and the price of corn increases from $4.00 per bushel to $6.00 per bushel.
Correct Answer:
Verified
Correct Answer:
Verified
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