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:

Registrants

Individuals who have officially signed up or registered for an event, program, service, or platform.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation means the values tend to be close to the mean, while a high standard deviation means they are spread out over a wider range.

Delivery Times

The duration it takes for goods or services to be delivered from when an order is placed to when it is received by the customer.

Random Sample

A subset of a statistical population where each member has an equal chance of being chosen.