Which of the following processes does marginal analysis involve?
A) comparing the additional benefit from an action to the additional cost
B) comparing the total benefits of all actions to the total costs incurred as a result of those actions
C) abstract thinking, which is never actually utilized by consumers when making purchasing decisions
D) holding all other variables constant when isolating the relationship between two variables

Question

Quizplus · Accepted Answer

Marginal analysis involves comparing the additional benefit from an action to the additional cost. This helps individuals and businesses to make informed decisions about how much of a particular activity or action is optimal.

Which of the Following Processes Does Marginal Analysis Involve