2jwmrxmpsb 2jwmrxmpsb
  • 13-05-2022
  • Business
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What does the word “marginal” mean in economics?

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kitten89987
kitten89987 kitten89987
  • 13-05-2022
Answer Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.
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appichand4 appichand4
  • 13-05-2022
Relating to something hope it helps
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