additional unit. A time I used marginal analysis to solve a problem is when I graduated from high school. I had a chance to join two companies to work and earn money while waiting for my result. The first company was closer to where I stay but will pay me less and the other company was a bit far which I have to take bus to work every day but agreed to pay me higher than the other company. Comparing the benefit of the two companies I found out that if I could save more if choose the first company because transportation fare. Marginal analysis helps us compare the benefits and cost of choosing a little more or a little less of something. Reference OpenStax Economics, Principles of Economics. OpenStax CNX. (May 18, 2016) Ross, S. (March 12, 2019). Microeconomics vs. Macroeconomics Investments. Retrieved from - more-useful-investment.asp Staff, I. (March 12, 2019). Microeconomics vs. Macroeconomics: What's the Difference? Retrieved April 13, 2019, from - macroeconomics/
You've reached the end of your free preview.
Want to read both pages?
- Fall '19
- Economics, Macroeconomics Investments