A process that deals with the additional cost in a particular decision rather than the average cost is called:
A)macroeconomics.
B)strategic planning.
C)marginal analysis.
D)net income.
E)net productivity.

Question

Quizplus · Accepted Answer

Marginal analysis is the process of comparing the additional cost incurred by taking a particular decision rather than the average cost. This helps in making informed decisions about whether to continue or discontinue a particular activity or project. Macroeconomics is the study of the economy as a whole, strategic planning is the process of formulating and implementing organizational strategies, net income is the difference between revenue and expenses, and net productivity is the ratio of output to input. These concepts are not directly related to dealing with additional costs in decision making.

A Process That Deals with the Additional Cost in a Particular