Topic 2 Macroeconomics

User Generated

oznl1822

Economics

Question Description

The economy works via the interactions of economic agents (interactions of economic choices). Think of a recent purchasing decision in which you compared the marginal benefits associated with buying a product with the marginal costs. How do you make a rational decision by comparing marginal benefits and marginal costs?

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Explanation & Answer

Thank you for the opportunity to help you with your question!

By relating the two costs  which is marginal cost  and marginal benefits.........................................

Please let me know if you need any clarification. I'm always happy to answer your questions.

WbryWbry (52)
University of Virginia

Anonymous
Excellent! Definitely coming back for more study materials.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4