Question : What does the term "marginal" mean in economics?
Option 1: In addition
Option 2: Insignificant
Option 3: The smallest unit
Option 4: None of the preceding

Question

Question : What does the term "marginal" mean in economics?

Option 1: In addition

Option 2: Insignificant

Option 3: The smallest unit

Option 4: None of the preceding

Team Careers360 · Accepted Answer

Correct Answer: In addition

Solution : It refers to the consequences of purchasing and/or producing one additional unit of a good or service. The change in total private benefit from one additional unit is referred to as the marginal benefit.
Hence option A is correct.

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Question : What does the term "marginal" mean in economics?Option 1: In additionOption 2: InsignificantOption 3: The smallest unitOption 4: None of the preceding

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Question : What does the term "marginal" mean in economics?
Option 1: In addition
Option 2: Insignificant
Option 3: The smallest unit
Option 4: None of the preceding

Question : What did the medieval term "Raqs" mean?
Option 1: Dancing
Option 2: Singing
Option 3: Chanting
Option 4: Ritual

Question : A ___________ is the smallest named unit of data in the information system.
Option 1: data item
Option 2: non data item
Option 3: processor
Option 4: None of these

Question : What is the literal meaning of the term "Quo-Warranto"?
Option 1: We command
Option 2: To forbid
Option 3: By what authority (or) warrant
Option 4: None of these

Question : The average of 10 consecutive integers is $\frac{11}{2}$. What is the average of the "smallest four" of these integers?
Option 1: 2.5
Option 2: 3.5
Option 3: 3
Option 4: 2

Question : The indifference curve's slope is calculated using:

Option 1: Marginal Rate of Substitution
Option 2: Marginal Opportunity Cost
Option 3: Marginal Rate of Transformation
Option 4: None of these