Multiple choice

Which one of the following approaches to decision-making is referred to as the 'with or without principle'?

  1. Cost-benefit analysis

  2. Factor analysis

  3. Differential analysis

  4. Marginal analysis
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marginal analysis is often referred to as the 'with or without principle' because it examines the change in total cost or benefit resulting from a small change in activity, essentially asking what happens with an additional unit versus without it.

Keep practicing — related questions