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Donald Thomas II
on Oct 27, 2024

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Marginal analysis:

A) refers to decisions about whether or not to engage in a particular activity.
B) is primarily used when making an either-or choice.
C) is used primarily when deciding how much of an activity should be done.
D) does not help when making a "how much" choice.

Marginal Analysis

Assessing the supplementary gains of an activity against its incremental costs.

Particular Activity

A specific action or task typically carried out to achieve a defined purpose.

"How Much" Choice

A decision-making process that involves determining the quantity of a good or service to buy or consume, considering factors like price, utility, and budget constraints.

  • Apprehend the fundamentals of marginal analysis and its use in everyday life situations.
  • Use marginal analysis to establish the optimum activity levels.
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Zayurie AmaneNov 02, 2024
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