When a person receives a flu vaccination, the ________ is the additional benefit the person receives from getting the shot
A) marginal private benefit
B) marginal external benefit
C) marginal social benefit
D) marginal social cost
E) marginal external cost
A
Economics
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When calculating GDP, the Bureau of Economic Analysis revises its quarterly data
A) a total of one time. B) many times over the next several years. C) a total of three times. D) a total of two times.
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Marginal cost
A. Rises as a direct result of diminishing returns. B. Rises whenever marginal revenue product rises. C. Falls in the short run because some resources are fixed. D. Falls whenever marginal physical product decreases.
Economics