Probation<span> and </span>parole<span> are both alternatives to incarceration. However, </span>probation <span>occurs prior to and often instead of jail or prison time, while </span>parole<span> is an early release from prison. In both </span>probation<span> and </span>parole<span>, the party is supervised and expected to follow certain rules and guidelines.</span>
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.
