Question

Most real-world choices aren't about getting all of one thing or another, instead, most choices involve _________________, which involves comparing the benefits and costs of choosing a little more or a little less of a good.

Answer 1

The correct answer is marginal analysis.
This type of an analysis has to do with comparing the benefits that a company may get with the amount of money that it has to pay in order to achieve such a benefit. It is an important tool for making decisions as it can help companies avoid bad decisions and make a lot of profit.