Distinguish between: Marginalism & Incrementalism
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Marginal analysis is an analysis of additional benefits based on an activity in comparison to additional costs incurred by the same activity.
Marginal analysis is an analysis of additional benefits based on an activity in comparison to additional costs incurred by the same activity. On the other hand, incremental analysis is a technique used to determine the true cost among alternatives in a business.
Marginal analysis is an analysis of additional benefits based on an activity in comparison to additional costs incurred by the same activity. On the other hand, incremental analysis is a technique used to determine the true cost among alternatives in a business.HOPE THIS HELPS
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