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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Definitions:

Competitive

Having a strong desire to be more successful than others, often manifesting in behaviors aimed at outperforming peers.

B Lymphocytes

A type of white blood cell of the lymphocyte subtype which plays a crucial role in the body's immune response by producing antibodies.

Antibodies

Proteins produced by the immune system that recognize and neutralize foreign substances like bacteria and viruses.

Bacterial Infections

Diseases caused by the invasion and multiplication of bacteria in the body, leading to symptoms such as fever, inflammation, and tissue damage.