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It's all economics

I need help It's all economics-example-1

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Answer: 2. A, tradeoff.

3. I think it would be C, less than the marginal cost, but I'm not sure

Explanation:

2: The definition of trade off is an exchange where you give up one thing in order to get something else that you also desire. An example of a trade off is when you have to put up with a half hour commute in order to make more money.

3: Marginal decision-making means considering a little more or a little less than what we already have. We decide by using marginal analysis, which means comparing the costs and benefits of a little more or a little less.

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