Answered: A marginal change is one that a.…

A marginal change is one that a. is not important for public policy. b. incrementally alters an existing plan. c. makes an outcome inefficient. d. does not influence incentives.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 3CQQ

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Question

. A marginal change is one that

a. is not important for public policy.

b. incrementally alters an existing plan.

c. makes an outcome inefficient.

d. does not influence incentives.

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