Examlex
When assessing environmental health risks, a nurse can use more than one approach. The risks can be assessed by which of the following? Select all that apply.
Marginal Analysis
Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.
Ceteris Paribus
A principle in economics that states other conditions remain constant while one variable changes.
Marginal Benefit
The additional satisfaction or value gained from consuming or producing one more unit of a good or service.
Marginal Cost
The cost added by producing one additional unit of a product or service.
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