The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era

Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort

Indicate whether the statement is true or false

The reservation value of a seller reflects her ________

A) willingness to pay for using a resource B) marginal cost C) marginal revenue D) total cost