Question

The word ‘marginal’ means ______.

A two more units Correct Answer Incorrect Answer
B four more units Correct Answer Incorrect Answer
C three more units Correct Answer Incorrect Answer
D one more unit Correct Answer Incorrect Answer

Solution

Marginal in economics means having a little more or a little less of something. It refers to the effects of consuming and/or producing one extra unit of a good or service. It is essentially the next additional unit, product, person, or whatever else you're associating the term with.

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