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Which of the following is an example of an organization using marginal analysis? a. ? A...

Which of the following is an example of an organization using marginal analysis? a. ? A farmer hoping for rain. b. ?A hotel manager calculating the average cost per guest for the past year. c. ?A government official considering what effect an increase in military goods production will have on the production of consumer goods. d. ?A business calculating economic profits. ?

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Answer: The correct answer is A ie., A farmer hoping for rain. Marginal analysis means the analysis of the cost and benefits derived and received. It is used in the decision making analysis of the organisations. Generally when an organisation purchases something then it analysis the additional cost incurred with the additional benefits for making the decision. Thus, here the farmer is consideringbthe impact of rain onthe crop ie., the benefits derived like good harvest but it also might lead to some incurring of the cost if there is heavy rainfall, which might ruin all or some of his crops.

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