Question

_____ involves comparing the costs and benefits of consuming or producing one additional unit of a good or service. Marginal analysis A non-market method Sharing equally

Answer 1

Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs of that activity. Companies use marginal analysis as a decision-making tool to help them maximize their profits. it compares the costs and benefits of consuming and producing an additional unit of a good.