By Donating $1,000 to the Salvation Army, Caroline Reduced Her

question 61

Multiple Choice

By donating $1,000 to the Salvation Army, Caroline reduced her taxable income. To Caroline, the reduction in her taxable income is

• A) a marginal benefit.
• B) a marginal cost.
• C) an incentive.
• D) an opportunity cost.
• E) the margin.

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Definitions:

Personally Written

Refers to content or documents that are composed by an individual, reflecting their personal style or thoughts, rather than being generated by a third party or software.

Condolences

Expressions of sympathy and sorrow offered to someone who is experiencing grief from a loss, typically in the form of a message or gesture.

Deceased Person

An individual who has passed away.

Command Mood

A grammatical mood used to express commands, requests, or instructions directly to the listener.