Why Economics Uses Marginal Analysis
Question:
Economics involves marginal analysis because
A. most decisions involve changes from the present situation.
B. marginal costs always exceed marginal benefits.
C. much economic behavior is irrational.
D. marginal benefits always exceed marginal costs.
Answer:
A. most decisions involve changes from the present situation.
Explanation: Economics involves marginal analysis because most decisions people make involve considering changes from the current situation. Marginal analysis helps in evaluating the additional benefits and costs associated with making incremental changes, thus guiding individuals and businesses in making more informed decisions.
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