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17 December, 17:53

When referring to "marginal" changes, the economic focus is on

large changes on the low end.

changes that affect only a few people or products.

small or incremental changes.

graduated changes on the high end.

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Answers (1)
  1. 17 December, 18:09
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    Option C

    When referring to "marginal" changes, the economic focus is on small or incremental changes.

    Explanation:

    "Marginal" in economics indicates "added" or "extra". It is the belief that Organizations may exercise determinations by examining the influence of minute variations from the current state. A marginal change is proportionally quite a little increase or reduction to the entire amount of any variable. Statisticians practice the name marginal change to represent tiny incremental improvements to an actual form of progress.

    Statisticians rely massively on the view that firms, purchasers and other business quarters can progress judgments by considering in names of the margin. Basic marginal ideas in economics involve marginal cost, marginal benefit.
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