________ provides a way for marketers to look at cost and demand at the same time and identifies the output and the price that will generate the maximum profit.

Question

Quizplus · Accepted Answer

Marginal analysis considers both the cost and demand aspects of a product or service and helps to determine the optimal price and output levels to achieve maximum profit. It involves analyzing the impact of incremental changes in output or price on revenue and cost, and identifying the point where marginal revenue equals marginal cost, which is the profit-maximizing point.

________ Provides a Way for Marketers to Look at Cost