Define marginal cost and marginal benefit
What will be an ideal response?
Marginal cost is the opportunity cost of an increase in an activity. Marginal benefit is the benefit of an increase in an activity.
Economics
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Autonomous expenditure is a type of expenditure that does not depend on
A) GDP. B) wealth. C) expectations. D) rates.
Economics
Today the typical American pays approximately what percent of income in taxes, including all federal, state, and local taxes?
a. 5 percent b. 25 percent c. 35 percent d. 50 percent
Economics