Which Question Is an Example of Marginal Analysis

question 76

Multiple Choice

Which question is an example of marginal analysis?

• A) What additional output does a family business produce when it hires one more worker?
• B) How do tax cuts change the growth rate of median income?
• C) What is the impact of a trade embargo on labour cost?
• D) Should a commuter take the bus to work instead of driving?

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Definitions:

External Force

Influences from outside an organization that can affect its performance, operations, and strategy, such as market trends or regulatory changes.

Internal Forces

Are factors within an organization such as employee behaviors, management practices, and organizational culture that influence change and development.

Change

The process of becoming different, which can occur in environments, organizations, or personal lives, often necessitating adaptation.

Executive Coaching

A personalized development process whereby an experienced coach works with executives to enhance their leadership skills and achieve professional goals.