The concept of marginality is important in economics because
A) individuals make decisions at the margin.
B) marginal decisions indicate a lack of importance.
C) individuals make decisions based on tastes only.
D) large expenditures are the only factor influencing consumption.
Answer: A
Economics
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To determine the marginal social cost (MSC) of abatement, we find the sum of
a. MPC + MAC b. ?MAC + MCE c. MAC + ?MCE d. MAC + ?MEC
Economics
Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total variable cost associated with the production of 5 units of output is
A. $14.60. B. $73.00. C. $10.00. D. $63.00.
Economics