Marginalism is
A) the best alternative that we forgo when making a decision.
B) the study of how societies choose to use scarce resources.
C) a market situation in which profit opportunities are eliminated almost instantaneously.
D) the process of analyzing the additional costs or benefits arising from a decision.

Question

Quizplus · Accepted Answer

Marginalism focuses on the changes in benefits and costs associated with a decision, specifically analyzing the additional or incremental impacts of that decision.

Marginalism Is