Question

Firms use marginal analysis to determine prices by A) changing prices in accordance with information from retailers. B) using comparisons with strong competitors to position prices accordingly. C) examining the effect on revenue of small changes to the price of one item. D) trying to minimize production costs by using better and more efficient methods.

Answer 1

Answer: c

Step-by-step explanation:

Usatestprep

Answer 2

Answer:C-examining the effect on revenue of small changes to the price of one item

Step-by-step explanation:

Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity