Solution-Determine the marginal benefit and marginal cost

Determine the marginal benefit and marginal cost

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What would be a situation in your personal or professional life in which you use or could use marginal analysis to make a decision? How do you determine the marginal benefit and marginal cost of the decision? You should illustrate your answer with a numerical example. Why do economists believe that managers should use marginal analysis to make optimal business decisions?

Reference no: EM13996557

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Determine the marginal benefit and marginal cost

Reference no: EM13996557

Reference no: EM13996557

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