Question

Marginal analysis is the comparison of Multiple choice question. total costs with total benefits. labor costs with total output. total revenue with total costs. incremental benefits with incremental costs.

Answer 1

Marginal analysis is the comparison of incremental benefits with incremental costs.

What is marginal analysis?

Marginal process is the process of comparing incremental benefits (marginal benefits) with incremental costs (marginal costs in order to determine when maximum utility, production has been attained. Maximum utility is attained when f incremental benefits is equal to incremental costs.

Incremental cost is the change in total cost when output is increased by one unit. Incremental benefit is the change in total benefit when output is increased by one unit.

To learn more about incremental cost, please check: https://brainly.com/question/16399134