Question
9. How would you use the principle of weighing up marginal costs and marginal benefits when deciding whether to (a) buy a new car; (b)
9. How would you use the principle of weighing up marginal
costs and marginal benefits when deciding whether to
(a) buy a new car; (b) study for an extra hour? How would
a firm use the same principle when deciding whether to
(a) purchase a new machine; (b) offer overtime to
existing workers?
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
