Multiple Choice
Which of the following is the best example of a marginal change?
A) The price of water rose in Calgary by 2% last year.
B) Kim gets a big promotion at work. She also gets a raise from $25,000 per year to $40,000 per year.
C) Mark graduates from university and takes a job. His income increases from $10,000 per year to $50,000 per year.
D) A drought hits Saskatchewan and the price of wheat increases from $4.00 per bushel to $8.00 per bushel.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: In the former Soviet Union, producers were
Q22: What is the amount of goods and
Q25: Lisa buys a 1982 BMW, which she
Q32: In Canada, incomes have historically grown about
Q53: A furniture maker currently produces 100 tables
Q56: What happens if a sawmill creates too
Q73: Your professor loves her work teaching economics.
Q73: Market failure refers to a situation in
Q143: How is the self-interest of the participants
Q192: A marginal change is a small incremental