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- In economics, the marginal concept refers to producing or consuming a good at the margin of the total produced or consumed amount.
Question 1:
In economics, the marginal concept refers to producing or consuming a good at the margin of the total produced or consumed amount. Which question does not involve a marginal decision?
A. Is it worth $2 to buy this extra slice of pizza?
B. If I drive slightly faster, what will be the change in my gasoline consumption?
C. If I hire ten workers to produce tables, what will be the average cost per table?
D. If I study for one more hour, by how much will it raise my grade?
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