The first step in marginal analysis is to determine

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asked Dec 12, 2017 150k views

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Apricot · Answer 1 · 2017-12-18T15:48:43+0000

Marginal analysis is the process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative.

The first step in marginal analysis is to determine

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