Economic Decisions - PowerPoint Presentation

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Uploaded On 2016-06-11

Economic Decisions - PPT Presentation

VOCAB TradeOff Opportunity Cost Costs Fixed Variable Total and Marginal Revenue and Marginal BenefitCost Analysis Trade Offs Definition Giving up one good or service for another Does not apply to decisions involving money ID: 357849

marginal cost revenue costs cost marginal costs revenue decisions opportunity analysis trade money benefit offs choosing nap businesses measuring schools variable fixed

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