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How does the concept of marginalism help us in decision making? What is opportunity cost? Discuss the opportunity cost of going to college. Can we
How does the concept of marginalism help us in decision making? What is opportunity cost? Discuss the opportunity cost of going to college. Can we ever overcome the problem of scarcity? Explain the role of self-interest and "invisible hand" in promoting economic efficiency. Why did the command systems of the Soviet Union, Eastern Europe, and China fail
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