Marginal Analysis

question 8

Multiple Choice

Marginal analysis:

• A)refers to decisions about whether or not to engage in a particular activity.
• B)is primarily used when making an either-or choice.
• C)is used primarily when deciding how much of an activity should be done.
• D)does not help when making a "how much" choice.

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Definitions:

Remedies

Measures or actions taken to solve a problem, correct a fault, or improve a situation.

Fines

Monetary penalties imposed by an authority as punishment for violations of legal or regulatory standards.

Congress

The national legislative body of a country, particularly in the United States, responsible for making laws and comprising two houses: the Senate and the House of Representatives.

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices, aimed at promoting fair competition for the benefit of consumers.