When economic choice involves an adjustment to an existing situation, marginal a

Question

When economic choice involves an adjustment to an existing situation, marginal analysis

a.

has no practical applications or real-world uses

b.

eliminates incorrect decisions and bad choices

c.

involves comparing the additional costs and additional benefits of an activity before deciding

d.

involves examining only the total costs and total benefits of an activity before deciding

e.

none of the above

a.

has no practical applications or real-world uses

b.

eliminates incorrect decisions and bad choices

c.

involves comparing the additional costs and additional benefits of an activity before deciding

d.

involves examining only the total costs and total benefits of an activity before deciding

e.

none of the above

Explanation / Answer

involves comparing the additional costs and additional benefits of an activity before deciding

involves comparing the additional costs and additional benefits of an activity before deciding

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