Question

In economics, the term marginal refers to which of the following?

a. Man-made resources as opposed to natural resources.
b. The satisfaction a consumer receives from a good.
c. Holding everything else constant in the analysis.
d. The change or difference between two alternatives.

Answer 1

Answer: The change or difference between two alternatives.

Explanation:

Marginal in economics simply means the smallest change in a unit property of a quantity being explained. The term marginal is often used to explain a change experienced when a quantity moves from a point to another.