How is marginal analysis for a business similar to the marginal thinking that you do as a consumer?

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asked Jul 8, 2022 15.1k views

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Karrtojal · Answer 1 · 2022-07-14T18:49:29+0000

Answer:

Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.

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How is marginal analysis for a business similar to the marginal thinking that you do as a consumer?

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