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1. Marginal analysis is one of the most useful concepts in economics. As an aspiring economist, you are required to convince your audience that using

1. Marginal analysis is one of the most useful concepts in economics. As an aspiring economist, you are required to convince your audience that using the marginal analysis can lead to making better business decisions. 2. One of "Hourly wage rates is an anachronism. Efficiency requires incentive-based pay tied to performance." Discuss this statement

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