i) The issue: Introduce the pollution issue and its geographic context. In New Z

Question

i) The issue: Introduce the pollution issue and its geographic context. In New Zealand (maximum 400 words)

II) Current policy: Outline the current policy (or policies) in place to address the issue. Include its (their) strengths and weaknesses and the level of success currently experienced In New Zealand (400words)

iii) Your recommended solution: Choose the most appropriate theory (you have learnt about) that you would advocate to address the issue. Explain the theory and how it could be applied to improve the current situation. Outline any weaknesses of your proposal (theory seldom translates perfectly into practice) and how they might be overcome. In New Zealand (maximum 600 words

Explanation / Answer

Marginal analysis involves a cost-versus-benefits comparison of various business activities. In marginal analysis, the cost of an activity is measured against incremental changes in volume to determine how the overall change in cost will affect the bottom line of a business. Marginal analysis can show the cost of additional production by a business all the way up to the break-even point. This is generally the maximum cost that a business can sustain without losing money.

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