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In contrast to the objective notion of the cost of production of commodities in classical economics, it is a distinctive feature of marginalist economics that
In contrast to the objective notion of the cost of production of commodities in classical economics, it is a distinctive feature of marginalist economics that costs is 'psychologised' in terms of subjective 'disutility' - for both cost of labour and cost of capital in production. Explain and critically appraise.
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