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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 3
"If the cost of repairing your car goes up you should do less of it." Is this statement correct If you think the answer is yes, explain why. If you think the answer is no, give an example in which the best choice is higher when costs are higher.
Explanation
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Marginal cost of an action is the additi...
Microeconomics 2nd Edition by Douglas Bernheim
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