The Extra Benefit Resulting from a Small Increase in Some

question 133

Multiple Choice

The extra benefit resulting from a small increase in some activity is called the:

• A) marginal equilibrium.
• B) marginal benefit.
• C) marginal cost.
• D) marginal value.

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Definitions:

Original Principal

The initial amount of money loaned or invested, before any interest or profits are added.

Missing Value

A data point or an element in a statistical or mathematical model that is not observed or recorded.

Compounded Annually

The annual computation of interest that adds together the original investment and the previously earned interest.

Maturity Value

The amount payable to an investor at the end of a fixed term investment, including the principal and the interest.