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Thinking at the margin means


I am irrational, why should I care about "Thinking at the margin".


Comparing marginal cost with marginal benefit


Focusing on additional revenue by selling one more unit


Focusing on additional cost by producing one more unit

Respuesta :

Comparing marginal cost with marginal benefit is the means of the margin means. Hence, option B is correct.

What is the marginal cost?

The increase or decrease in price linked to manufacturing goods or rendering services to an extra consumer is referred to as a "marginal cost." Additionally known as incremental cost.

Marginal cost is an economics concept that is essential to business management since it may help businesses maximize their levels of production.

When a new unit of production is added, as when a product is made or a customer service is offered, it results in an additional expense.

Thus, option B is correct.

For more details about marginal cost, click here:

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