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Mitch has $100 to spend and wants to buy either a new amplier for his guitar or a new mp3 player to listen to music

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Mitch has $100 to spend and wants to buy either a new amplier for his guitar or a new mp3 player to listen to music while working out. Both the amplier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that O rational people think at the margin. 0 trade can make everyone better off. 0 people respond to incentives. 0 people face trade-offs

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