In economics, the term marginal refers to:
a. the change or difference from a current situation.
b. man-made resources as opposed to natural resources.
c. the satisfaction a consumer receives from a good.
d. holding everything else constant in the analysis.
a
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Bidding on a Missile Program Merowak Missiles is proposing to develop its next generation Democratizer Offensive Weapon System II (DOWS II) for the US military. It expects to have to sink $1 billion into R&D and design, spend $0.5 billion building the
tools and production facility that are unique to DOWS II production. It houses these in standard factory floor space that costs $1 million. Each missile has a marginal cost of $2,000 . The Pentagon is considering ordering 1 million of these missiles. Merowak fears that the Pentagon will ask for a lower price after only half the missiles are produced. How could it keep itself from being victim of holdup?
An appreciation of the U.S. dollar will tend to encourage, other things the same ________
A) the purchase of U.S. goods by foreign economic agents B) the purchase of foreign goods by U.S. economic agents C) the purchase of U.S. goods by U.S. economic agents D) the purchase of U.S. assets by foreign economic agents