A cost-benefit calculation that focuses on the difference between a feasible alternative and the next feasible alternative is called ________.
A) marginal analysis
B) equilibrium analysis
C) empiricism
D) economic trade-off

Question

Quizplus · Accepted Answer

Marginal analysis focuses on the comparison between the benefits and costs of considering an additional unit of a resource or activity. In this case, the comparison is being made between the most feasible alternative and the next feasible alternative, allowing for a more precise evaluation of the net benefits gained.

A Cost-Benefit Calculation That Focuses on the Difference Between a Feasible