Asked by Deina Pavon on Jun 25, 2024
Verified
Marginal analysis is the valuation of insignificant or small benefits from doing things.
Marginal Analysis
An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.
Insignificant Benefits
Benefits or advantages that are too small or unimportant to make a noticeable difference.
- Comprehend the concepts of marginal analysis and opportunity costs in economic decision-making.
Verified Answer
KR
Krystina RodriguezJun 28, 2024
Final Answer :
False
Explanation :
Marginal analysis involves examining the benefits and costs of small (marginal) changes in behavior or resource allocation, rather than valuing insignificant benefits.
Learning Objectives
- Comprehend the concepts of marginal analysis and opportunity costs in economic decision-making.
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