An economist, when analyzing a problem will compare the ___ and choose the outcome where they are equal

Question

Quizplus · Accepted Answer

Economists use the principle of marginal analysis which involves comparing the marginal benefits (the additional benefit gained from one more unit of a good or service) to the marginal costs (the additional cost of producing one more unit of a good or service). This allows them to make decisions that maximize efficiency and allocate resources in the most optimal way.

An Economist, When Analyzing a Problem Will Compare the ___