The main difficulty in applying marginal analysis is
a. calculating total cost
b. determining which costs and revenues are relevant to a particular decision
c. calculating average cost
d. All of the above
b
Economics
You might also like to view...
In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations?
A) new product bias B) increase in quality bias C) substitution bias D) outlet bias
Economics
The most effective way to reduce our current account deficit would be to
A. lower our service trade deficit. B. lower our merchandise trade deficit. C. raise our capital account surplus. D. lower our capital account surplus.
Economics