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What is Marginal Analysis? Marginal analysis: Examines the additional costs and benefits of a small (one-unit) change in decision-making. \t•\tMarginal benefit: The additional benefit gained from consuming or producing one more unit of a good or service. \t•\tMarginal cost: The additional cost incurred from producing or consuming one more unit of a good or service. Follow for more! #economics #economicsstudents #microeconomics #economictermsexplained #business
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