After much consideration you have chosen Cancun over Fort Lauderdale for your spring break trip this year. For this decision to change, which of the following must occur? A) The marginal cost of Cancun must decrease B) The marginal cost of Fort Lauderdale must increase C) The marginal benefit of Fort Lauderdale must increase D) The marginal benefit of Cancun must increase. can you tell me what the correct answer is and further explain marginal costs and marginal benefits
After much consideration you have chosen Cancun over Fort Lauderdale for your spring break trip this year. For this decision to change, which of the following must occur? A) The marginal cost of Cancun must decrease B) The marginal cost of Fort Lauderdale must increase C) The marginal benefit of Fort Lauderdale must increase D) The marginal benefit of Cancun must increase. can you tell me what the correct answer is and further explain marginal costs and marginal benefits
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 8QP
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Question
After much consideration you have chosen Cancun over Fort Lauderdale for your spring break trip this year. For this decision to change, which of the following must occur?
A) The marginal cost of Cancun must decrease
B) The marginal cost of Fort Lauderdale must increase
C) The marginal benefit of Fort Lauderdale must increase
D) The marginal benefit of Cancun must increase.
can you tell me what the correct answer is and further explain marginal costs and marginal benefits?
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