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Explain how a linear and nonlinear path to doing research differ,and how a preplanned vs.emergent research question differ.What types of researchers are most likely to use each?
Marginal Analysis
An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.
Insignificant Benefits
Benefits or advantages that are too small or unimportant to make a noticeable difference.
Opportunity Costs
The advantages or gains a person, investor, or company forgoes by selecting one option instead of another.
Economic Resources
Resources required for the production of goods and services, including labor, capital, land, and entrepreneurship.
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