Marginal analysis is an important decision-making tool in the business world. Marginal analysis allows business owners to measure the additional benefits of one production activity versus its costs.

Business owners and managers make a number of decisions throughout the day, week or month. Many of these decisions are "either-or," but even more of them often are about "how much." Margin analysis, ...

Learn how to distinguish marginal costs by exploring their relationship with fixed and variable costs in production.