Solved

Economics Involves "Marginal Analysis" Because

Question 37

Multiple Choice

Economics involves "marginal analysis" because:


A) most decisions involve changes in the status quo.
B) marginal benefits always exceed marginal costs.
C) marginal costs always exceed marginal benefits.
D) much economic behaviour is irrational.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" The vertical intercept

Q33: Macroeconomics explains the behaviour of individual households

Q34: Which of the following will not shift

Q35: Which of the following is a normative

Q36: A positive statement is concerned with:<br>A)some goal

Q38: The global financial crisis that spread to

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" In line (3)

Q40: Production possibilities (alternatives) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt="Production possibilities

Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q42: The "economic perspective" entails:<br>A)rational behaviour by individuals