Economics involves marginal analysis because
A) marginal benefits always exceed marginal costs
B) much economic behavior is irrational
C) most decisions involve changes from the present situation
D) marginal costs always exceed marginal benefits
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Economics involves marginal analysis because
A) marginal benefits always exceed marginal costs✅✅✅
B) much economic behavior is irrational
C) most decisions involve changes from the present situation
D) marginal costs always exceed marginal benefits
A) marginal benefits always exceed marginal costs✅✅✅
B) much economic behavior is irrational
C) most decisions involve changes from the present situation
D) marginal costs always exceed marginal benefits
Answered by
1
The correct answer to your question is option (C)
According to the given options, Economics involves marginal analysis because most decisions involve changes from the present situation.
In Economics, marginal analysis has been one of the most important decision making tool. Marginal analysis always helps to make good decisions by comparing the additional benefits of an activity with the additional cost that suffered by the same activity. This may help boosting the profit in future.
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