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| Number of pages / Number of words: |
3 / 746 |
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So as we where talking to the salesman he asked us have we considered looking at the marginal benefits and marginal cost of what type of car we could afford versus what type of car we wanted to purchase. "Marginal Analysis refers to the comparison of marginal benefits and marginal cost" (McConnell & Brue, 2004, pg...
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"Marginal Analysis refers to the comparison of marginal benefits and marginal cost" (McConnell & Brue, 2004, pg. 4)
Microeconomics is the discipline of economics that studies the behavior of individual households and firms interacting through markets, how prices and levels of output of individual products are determined in these markets, the interconnections by which different markets affect each other, and how the price mechanism allocates resources and distributes income...
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Economic Concept Worksheet
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