marginal benefits

What Is The Importance Of Marginal Benefits And Marginal Costs In The Process Of Decision Making?

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What Is The Importance Of Marginal Benefits And Marginal Costs In The Process Of Decision Making? If you change marginal benefits or costs enough, decisions will also change. If you cut the cost of a customer’s second or third coffee refill, that may convince the customer to spend more money. As long as the benefit

At Which Point Do Marginal Benefits Equal Marginal Costs?

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At Which Point Do Marginal Benefits Equal Marginal Costs? At which point do marginal benefits equal marginal costs? Net benefit is maximized at the point at which marginal benefit equals marginal cost. The marginal decision rule is at the heart of the economic way of thinking. The rule basically says this: If the additional benefit