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The concept of marginal or incremental analysis helps decision makers to ________?

User Maxp
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Final answer:

Incremental or marginal analysis is a decision-making technique that helps decision makers by comparing the additional costs and benefits of choosing a little more or a little less of a good or action.

Step-by-step explanation:

Incremental or marginal analysis is a decision-making technique that helps decision makers by comparing the additional costs and benefits of choosing a little more or a little less of a good or action. It involves examining how costs and benefits change from one option to another to determine the optimal choice. For example, a company may use marginal analysis when deciding whether to produce and sell an additional unit of a product by considering the extra cost of producing it and the additional revenue it will generate.

User Ben Ziegler
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