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The concept of the margin

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Question 6

A business manager is analyzing whether the additional revenue from keeping a retail store open for one more hour exceeds the additional cost of doing so.

What economic concept is this decision-making process an example of?

Allocative efficiency

Diminishing returns

Marginal analysis

Social benefit

The concept of the margin Questions

  1. A Level
  2. /Economics
  3. /The concept of the margin