Use the Following to Answer Questions

question 40

Multiple Choice

Use the following to answer questions:
Figure: Marginal Benefits and Marginal Costs
-(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits and Marginal Costs. More time spent studying economics adds points to economics scores but (MB) subtracts points from accounting scores (MC) . When Claudia studies economics for four hours, the marginal benefit is _____ points; when she studies for six hours, the marginal benefit is _____ points.

• A) 20; 10
• B) 30; 10
• C) 20; 0
• D) 20; 30

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Definitions:

Incremental Change

A gradual, step-by-step approach to change, focusing on making minor improvements or adjustments over time rather than through large, transformative shifts.

Massive Scope

Describes projects, studies, or operations that have an exceptionally large scale, extent, or range of influence.

Unplanned Change

Change that is imposed on the organization and is often unforeseen.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of the product or service.