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Give Reason Or Explain the Following Statement. Marginalism Principle is Used as a Tool of Analysis in Micro Economics. - Economics

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प्रश्न

Give reason or explain the following statement.

Marginalism principle is used as a tool of analysis in micro economics. 

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उत्तर

Marginalism principle focuses on studying the change in total amount when one additional unit is added to it. This additional unit is called the marginal unit. All microeconomic decisions are based on this concept.

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अध्याय 1: Introduction to Micro Economics - Exercise 2 [पृष्ठ ६]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 1 Introduction to Micro Economics
Exercise 2 | Q 2.5 | पृष्ठ ६

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