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Economics A Level

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Question:

Why is Marginal Changes important in Economics? -Where is it Seen?

Author: go kys



Answer:

-Theories is based on Assumptions that Decisions people make is based on Marginal Changes: Do I work another Hour? -Seen in: Price, Wage Differentials, Externalities, Profit Maximising in Perfect Competition & Efficiency of Mark Structures.


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go kys
go kys