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Which of the following statements is true? Group of answer choices Economic analysis is heavily based on marginal analysis. Marginal means extra or additional Every
Which of the following statements is true? Group of answer choices Economic analysis is heavily based on marginal analysis. Marginal means "extra" or "additional" Every time we make a choice, we compare marginal benefit (MB) and marginal cost (MC). A person will choose to do something when MBMC, because that is rational and will help maximize utility. All of the above. Only a) and b)
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