Marginal analysis is:
A) a method that is used to determine income tax brackets.
B) a method that is seldom used by economists.
C) the process of comparing the additional benefits of an activity with the additional costs.
D) another way of explaining disposal income.

Question

Quizplus · Accepted Answer

Marginal analysis is a fundamental concept in economics that involves comparing the additional benefits of an activity to its additional costs to make decisions. This method is widely used in various economic analyses to determine the optimal level of production, consumption, or any other economic activity.

Marginal Analysis Is