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List and briefly explain the 4 Principles of individual decision making? Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated that decision?

Category: Essay Writing

List and briefly explain the 4 Principles of individual decision making?

Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated that decision?

What were the margianl benefits and marginal cost associated with that decision?

What incentives could have led you to make a different decision?

Explain how the principles of economics affect decision making interaction, and the working of the economy as a whole