What Is the Best Example of a Marginal Change

question 174

Multiple Choice

What 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)In 2015 minimum wage in Saskatchewan increased from $10 per hour to $10.20.
• 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.

Recognize the principal-agent problem in corporations and its implications for corporate governance.

Evaluate the effectiveness of crime control programs through cost-benefit analysis.

Understand the free-rider problem and its significance in the context of public goods.

Comprehend the role of government in reallocating resources towards public goods through taxation and spending.