asked 2.3k views
3 votes
The concept of marginal or incremental analysis helps decision makers to ________?

asked
User Maxp
by
7.9k points

1 Answer

0 votes

Final answer:

Incremental or marginal analysis is a decision-making technique that helps decision makers by comparing the additional costs and benefits of choosing a little more or a little less of a good or action.

Step-by-step explanation:

Incremental or marginal analysis is a decision-making technique that helps decision makers by comparing the additional costs and benefits of choosing a little more or a little less of a good or action. It involves examining how costs and benefits change from one option to another to determine the optimal choice. For example, a company may use marginal analysis when deciding whether to produce and sell an additional unit of a product by considering the extra cost of producing it and the additional revenue it will generate.

answered
User Ben Ziegler
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.