________ involves undertaking an activity until its marginal benefits equal marginal costs.
A)Scarcity reduction
B)Central planning
C)Marginal analysis
D)Market intervention

Question

Quizplus · Accepted Answer

Marginal analysis involves comparing the additional costs and benefits of a particular decision or activity. The aim of marginal analysis is to optimize the decision-making process by making choices that provide the most significant benefit at the lowest cost. Therefore, it is the process of undertaking an activity until its marginal benefits equal marginal costs.

________ Involves Undertaking an Activity Until Its Marginal Benefits Equal