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Leviafan [203]
2 years ago
10

What is the correct definition of marginal analysis

Social Studies
1 answer:
Scilla [17]2 years ago
3 0
The process of indentifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost causes by a very small (just one unit) change in the output or input of each alternative. Marginal analysis supports decision-making based on marginal or incremental changes to resources instead of one based on total or averages.
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