The company will use marginal analysis to determine the decision of mining more platinum even though the platinum resources are scarce.
Marginal analysis examines the differences between an activity's increased benefits and its associated additional costs. When making decisions, businesses employ marginal analysis the optimize their potential revenues. Marginal refers to the emphasis on the expense or advantage of the following unit or personnel, such as the cost of manufacturing an extra widget or the money made by hiring an additional employee.
Examining the costs and possible gains of particular business operations or make decisions regarding is known as marginal analysis. The objective is to ascertain whether the benefits from the adjustment in activity will be great enough even to outweigh the costs.
Learn more about marginal analysis here:
https://brainly.com/question/12530169
#SPJ4
