Which of the Following Is the Best Example of a Marginal

question 132

Multiple Choice

Which of the following is the best example of a marginal change?

• A)After graduating from university, Audrey's income increases from $500 per month to $3000 per month.
• B)Morgan gets a raise at her part-time job and is now paid $10.25 per hour instead of $10.00.
• C)Housing prices in an area increase by 40% when a new highway is built in a small town.
• D)A hard freeze wipes out half of the tobacco crop in Ontario and the price of cigarettes doubles.

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Definitions:

Positive Statement

A factual assertion that can be tested or verified, often used in economics to describe how the world is, as opposed to how it should be.

Indirect Approach

A communication method where the main point or message is not directly stated at the beginning, often used in writing or speech to build suspense or be polite.

Buffer Statement

A neutral or positive statement used to cushion the impact of a negative message or bad news in communication.

Promotion Drive

A campaign or effort to increase awareness or sales of a product or service, or to elevate an individual's position within an organization.