1.6 Marginal Analysis 🧐

🎯 Learning Targets

• Define the key assumptions of consumer choice theory
• Explain how a rational consumer’s decision making involves the use of marginal benefits and marginal costs
• Calculate how a rational consumer’s decision making involves the use of marginal benefits and marginal costs
• Define marginal analysis and related terms
• Explain a decision using marginal analysis

⏰ What We Did

• Discussed the answers to yesterday's "Marginal Analysis" problem set

⚙️ Resources

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📖 Corresponding Reading

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💻 Homework

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