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Virty [35]
2 years ago
8

Describe the benefits of understanding marginal analysis as an individual

Advanced Placement (AP)
1 answer:
DaniilM [7]2 years ago
7 0

Answer:

Marginal analysis is helpful to individuals and businesses in balancing the costs and benefits of additional actions, like whether to produce more, consume more, and similar other decisions, thus determining whether the benefits will exceed costs and increase utility.

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