The meaning of marginal cost and marginal benefit vary depending on which context they are
used in. For example, to a business, marginal cost is the cost of producing one more of a particular good.
The marginal cost of producing an item might be $5.00, bu
Reflection Assignment Chpt. 1-2
The video about Comparative advantage and gains from trade (part 1 and part 2) gave
examples of absolute and comparative advantages. This was done by comparing the amoun
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