Define marginal benefit. Explain how it is measured and why the data in the table does not enable you to calculate Brazil's marginal benefit from food
What will be an ideal response?
The marginal benefit of a good is the benefit received from consuming one more unit of the good. The marginal benefit of a good or service is measured by the most people are willing to pay for one more unit of it. The data in the table do not provide information on how much people are willing to pay for an additional unit of food. The table has no information on the marginal benefit of food.
Economics
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If domestic savings is growing faster than domestic investment, the current account balance should be
A) increasing. B) decreasing. C) unchanged. D) eliminated.
Economics
Marginal analysis is the comparison of additional benefits with the additional costs.
Answer the following statement true (T) or false (F)
Economics