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Provide an appropriate response.
-Shortly before a mayoral election, a market research firm took a poll to find out which
candidate people were planning to vote for. The results are shown below. You wish to construct a graph to represent the data. It should be easy to see from your
graph which candidate is in the lead. Which graph would be more useful, a bar graph or a
pie chart? Explain your thinking.
Marginal Benefits
The boost in pleasure or benefit experienced from the consumption or creation of one extra unit of a good or service.
Marginal Costs
The boost in total charges incurred by producing one more unit of a product or service.
Rational Self-interest
Acting in a way that is most beneficial to oneself, based on logical and reasoned decision-making.
Utility
In economics, the satisfaction or benefit derived from consuming a product or service.
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