What is marginal benefit, What is marginal benefit and What

What is marginal benefit

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ECO203 Introduction to Economics

Question 1:

Define the Economics terms below
1- Economics.
2- Microeconomics.
3- Macroeconomics.
4- Scarcity.
5- Entrepreneurship

Question 2:

Explain the following in detail:

Normative economics VS Positive economics

1- Normative economics.
2- Positive economics.

Question 3:
What is marginal benefit?

How is it measured?

Question 4:

What are the Production Possibilities and Opportunity Cost? and how it works?

• Production Possibilities
• Opportunity Cost
• How it works

Question 5:

what is the role of Recourses in individual economy?
1.
2.
3.
4.
5.

Reference no: EM132964362

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