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Why is marginal change so Important in making economic decisions?

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Ahlaam7
Ahlaam7 Ahlaam7
  • 19-08-2020

Answer:

Marginal costs and benefits are a vital part of economics because they help to provide the relevant measurement of costs and benefits at a certain level of production and consumption. If measured marginal costs and benefits are provided, it is much easier to calculate the ideal price and quantity.

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