In Economic Analysis,the Principle of Marginal Analysis Refers To

question 46

Multiple Choice

In economic analysis,the principle of marginal analysis refers to:

• A)dividing large problems into smaller,more manageable ones.
• B)the notion that a group's problems 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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