In economics, marginal means
a. incremental or decremental
b. unimportant
c. level or size
d. a border-line situation
e. a bad alternative
A
Economics
You might also like to view...
When demand is perfectly elastic:
a. the demand curve is vertical. b. the demand curve is horizontal. c. consumers do not respond to price changes. d. suppliers do not respond to price changes.
Economics
Free riding is not a problem in the market for a private good because
A) people who do not pay for the good can be excluded from consumption. B) the good is a rival good. C) the market eliminates the problem of externalities. D) The question errs because free riding is a problem in providing private goods.
Economics