marginal analysis |
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Definition
Process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative. Marginal analysis supports decision-making based on marginal or incremental changes to resources instead of one based on 'totals' or 'averages.'
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marginal analysis is in the Accounting & Auditing, Economics, Politics, & Society and Statistics, Mathematics, & Analysis subjects.
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