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In Economic Analysis, the Principle of Marginal Analysis Refers To

question 55

Essay

In economic analysis, the principle of marginal analysis refers to:
A.a method of analysis that divides large problems into smaller, more manageable ones.
B.the notion that problems facing a group of individuals can be effectively analyzed by focusing on only a small subsample of the group.
C.the result that the optimal quantity of an activity is that at which marginal benefit is equal to marginal cost.
D.the result that the optimal quantity of an activity is that at which the net benefit of the representative, or marginal, individual is maximized.


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