Which of the following is the best example of a marginal change?
A)The price of housing in Denver increased by 6 percent last year.
B)Kim gets a big promotion at work.She also gets a raise from $35,000 per year to $55,000 per year.
C)Mark graduates from college and takes a job.His income increases from $10,000 per year to $35,000 per year.
D)A drought hits the upper Midwest and the price of wheat increases from $4.00 per bushel to $6.50 per bushel.

Question

Quizplus · Accepted Answer

A marginal change refers to a small, incremental adjustment to an existing plan of action. A 6 percent increase in housing prices is a relatively small change compared to the other options, which involve more significant changes.

Which of the Following Is the Best Example of a Marginal