Most choices involve _____, which involves comparing the benefits and costs of choosing a little more or a little less of a good

The correct answer is B. marginal analysis.

Reason: When a producer chooses between the products based on a comparison between the costs of manufacturing goods and the benefits received by it is called marginal analysis.

The marginal analysis means producing a product after analyzing that additional or extra cost paid for a product in the production process will give extra benefits or not to the company. The marginal analysis is a process in which the cost and benefit are compared and a decision is taken for maximizing the profit.

This analysis is a tool for a company while decision making and choosing which product has to be made less or which has to be produced more.