XECO 212 week 1 CheckPoint: Marginal Benefits and Marginal Costs - 13133

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   CheckPoint: Marginal Benefits and Marginal Costs

 

Thinking at the margin means that humans tend to think incrementally. For example, going out to dinner would cost $20, but cooking at home would cost $5. The true marginal cost of going out to dinner would be $15. Is the marginal benefit of having someone else cook worth $15?

 

·         Consider a time in the past week where you’ve thought at the margin.

 

·         Attach a 250- to 300-word response in Microsoft Word addressing the following points:

 

o    What were the marginal costs?           

o    What were the marginal benefits?

o    What was your final decision?

 

·         Post the Certificate of Originality as an attachment.

 

Solution Description

    CheckPoint: Marginal Benefits and Marginal Costs

 

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XECO 212 Week 1 - Checkpoint Marginal Benefits and Marginal Costs with instructor feedback.docx
XECO 212 Week 1...