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Business, 27.05.2020 23:09 superfly903

This module considers two very important concepts in economics: Marginal Utility and Opportunity Cost. Both of these tools are microeconomics in nature and, thus, can be applied to personal decision making. Microeconomics often considers the use of personal resources and these two concepts work to help measure your resource allocation. Regarding Opportunity Cost consider your decision to attend college classes. You have elected to do so which makes your time spent in courses the primary use of your resource of time. What is the opportunity cost of attending classes

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