The economic perspective focuses largely on:
A)marginal analysis.
B)rational task analysis.
C)total revenues.
D)total costs.

Question

Quizplus · Accepted Answer

The economic perspective emphasizes the importance of marginal analysis, which involves comparing the additional costs and benefits of a decision or action. This approach helps individuals and firms make optimal choices by considering the potential gains and losses of each decision. While total revenues and costs are also relevant to economic analysis, they are not the central focus. Rational task analysis is a term not commonly used in the field of economics.

The Economic Perspective Focuses Largely On