Which of the Following Is the Best Example of a Marginal

question 124

Multiple Choice

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

• A)After graduating from university, Neville's income increases from $1,000 per month to $1,100 per month.
• B)Marliss is granted a raise at her part-time job and is now paid $8.25 per hour instead of $8.00.
• C)Housing prices in an area increase by 50% when a new freeway is built in a small town.
• D)A hard freeze wipes out half of the potato crop in Prince Edward Island and the price of potatoes doubles.

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Definitions:

Consequences

The outcomes or effects that result from specific actions or events.

Capabilities Approach

A normative framework proposed by Martha Nussbaum and Amartya Sen that emphasizes what individuals are able to do and be, in contrast to resources they have.

Primary Focus

The main point of attention, interest, or activity on which efforts are concentrated in a particular context or endeavor.

Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.