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2. Most decisions in life involve changes in the status quo. Economists emphasize the importance of marginal analysis to determine the best course of action.

2. Most decisions in life involve changes in the status quo. Economists emphasize the importance of marginal analysis to determine the best course of action. Individuals, businesses, and government should weigh marginal benefits vs. marginal costs when making decisions. Analyze the following scenario using marginal analysis. The city of Philadelphia has decided to allocate more resources to the beautification of City Parks. Discuss the potential marginal benefits and marginal costs associated with the course of action

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