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Do you feel that when you retire there will still be CPP/QPP? If so, do you feel that benefits will be at present levels or contribution rates will have increased? Finally, has this discussion changed your plans regarding your own personal savings for your retirement?
Marginal Cost
Marginal cost is the cost increase for producing one more unit of a good or service, adding to the total cost.
Marginal Benefit
The additional benefit received from the consumption of one more unit of a good or service.
Satisfaction
The feeling of pleasure or fulfillment that comes from achieving or exceeding expectations, often related to goods or services.
Budget Line
illustrates the combination of goods and services that a consumer can purchase with a given budget at specific prices.
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