Asked by
Angel Jimenez
on Dec 12, 2024
Verified
Your professor loves her work, teaching economics. She has been offered other positions in the corporate world that would increase her income by 25 percent, but she has decided to continue working as a professor. Her decision would not change unless
A) the marginal cost of teaching increased.
B) the marginal benefit of teaching increased.
C) the marginal cost of teaching decreased.
D) the marginal benefit of a corporate job decreased.
Marginal Cost
The expenditure required to produce a further single unit of a product or service.
Corporate Job
Employment within a large company, often implying a job with benefits, structure, and a hierarchical organization.
Teaching
The act or profession of instructing students in a particular subject or skill, aimed at transferring knowledge or skills.
- Become familiar with how marginal analysis influences economic decision-making processes.
- Gain an understanding of the notion of marginal benefits and marginal costs in making decisions.
Verified Answer
PE
Learning Objectives
- Become familiar with how marginal analysis influences economic decision-making processes.
- Gain an understanding of the notion of marginal benefits and marginal costs in making decisions.