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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
  
TopicOpportunity costs and trade-offs
   Level IV (Grade 9-12)
  Benchmark 1.Understands that marginal benefit is the change in total benefit resulting from an action, and marginal cost is the change in total cost resulting from an action
   Vocabulary terms
A.  marginal benefit
B.  change in total benefit
C.  marginal cost
D.  change in total cost
  Knowledge/skill statements
  1. Knows the meaning of marginal benefit   
  2. Understands the relationship between marginal benefit and total benefit   
  3. Knows the meaning of marginal cost   
  4. Understands the relationship between marginal cost and total cost   


Citation Log: BD(NE,6;​PE,11)
Citation reference
BD = benchmark, declarative
BP = benchmark, procedural
BC = benchmark, contextual

1st letter/number of each code in parentheses:
B   International Baccalaureate: Economics
C   Colorado Economics Standards
DD   Department of Defense: Prekindergarten Social Studies Standards
E   NCEE: Framework for Economics
HS   Head Start: Child Outcomes Framework
J   JCEE: Economics, What and When
MH   McGraw-Hill: Pre-Kindergarten Standards: Guidelines for Teaching and Learning
N   NCEE: Voluntary National Content Standards in Economics
NZ   New Zealand Ministry of Education: Early Childhood Curriculum
P   NAEP: 2006 Assessment Framework in Economics for Grade 12
S   NCSS: Curriculum Standards for Social Studies
T   TEA: Texas Prekindergarten Curriculum Guidelines

2nd letter code :
E = Explicitly stated in document
I = Implicit in document

Number:
Page number of the cited document