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Explain marginal analysis and give relevant examples for health care

Economics

Explain marginal analysis and give relevant examples for health care.

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The method of splitting a choice into a set of 'yes or no' judgments is marginal analysis. It evaluates the potential advantages of operation in contrast with the extra expense associated with the same operation.

Numerous financial decisions were done based on a marginal analysis.For example, Choices surrounding the cost of health care are mostly taken by the marginal analysis that is health insurance.