What idea is described as a continuing,concise trade-off of incremental costs against incremental revenues?
A)break-even analysis
B)marginal analysis
C)demand analysis
D)cost-benefit analysis
E)situation analysis

Question

Quizplus · Accepted Answer

Marginal analysis involves analyzing the additional costs and revenues of each unit or level of production. It helps in identifying the optimal level of production where the marginal revenue equals marginal cost, which is also known as the break-even point. Demand analysis focuses on the factors that affect the demand for a product or service. Cost-benefit analysis compares the costs and benefits of a particular decision or project. Situation analysis involves analyzing the internal and external factors that affect a business. Therefore, option B, marginal analysis, is the correct answer to the given question.

What Idea Is Described as a Continuing,concise Trade-Off of Incremental