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.

    Practice Next