Topic 2 Macroeconomics

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oznl1822

Economics

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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?

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Explanation & Answer

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

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