Asked by Ashley Kenny on Apr 24, 2024
Verified
Marginal analysis should be used in "either-or" decisions.
Marginal Analysis
The examination of the benefits and costs of choosing one more or one less unit of a good or service.
- Understand the application of marginal analysis in "either-or" decisions.
Verified Answer
ZK
Zybrea KnightMay 02, 2024
Final Answer :
False
Explanation :
Marginal analysis is best used for decisions that involve making small changes, such as producing one more unit of a product, rather than for "either-or" decisions, which typically require a different approach such as cost-benefit analysis.
Learning Objectives
- Understand the application of marginal analysis in "either-or" decisions.
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