micro 4 doc - Do something so that the marginal benefit...

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Do something so that the marginal benefit equals the marginal cost so your just indfifferent of doing it and not doing it (professor said this) Apendax chapter 2 if you need to get used to graphs, beacause over this course your going to see a lot of graphs Formula to going to college If Z > X+Y if marginal benefit is greater then marginal cost then everyone would want to go to college Is going to collge worth is? Non-monetary benefits of college Statistically not alikelt to be hit by unemployment 9.7 Trade Creates Value Markets Bring buyers and seller together to exchange good and services Trade The voluntary exchange of good and service between two or more parties
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