Marginal analysis refers to the
A)relationship between the cause and effect of an economic event.
B)study of trade relations based on absolute cost differences.
C)comparison of benefits and costs of choosing a little more or a little less of a good.
D)calculation of opportunity costs of an economic activity.

Question

Quizplus · Accepted Answer

Marginal analysis evaluates the benefits and costs of choosing a little more or a little less of a good, considering the additional benefit and cost associated with marginal changes. It helps in making decisions about production levels, pricing, and resource allocation.

Marginal Analysis Refers to the