Which Question Is an Example of Marginal Analysis

question 92

Multiple Choice

Which question is an example of marginal analysis?

• A)What additional output does a family business produce when it hires one more worker?
• B)How do tax cuts change the growth rate of median income?
• C)What is the impact of a trade embargo on labor cost?
• D)Should a commuter take the bus to work instead of driving.

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Definitions:

Liquidated Debt

A debt that is due and certain in amount.

Accord And Satisfaction

A negotiated agreement and payment between parties in a dispute, where payment is accepted as full resolution.

Forfeiting Right

The act of giving up or losing a right as a consequence of failing to comply with specific conditions or regulations.

Consideration

In contract law, it refers to something of value promised, given, or received that induces a party to enter into a contract.