AP Microeconomics Chapter 7 Overview - Marginal Decisionmaking: Making Decisions at the Margin

Описание: In this chapter, we look at the meaning of marginal analysis by weighing the costs and benefits of decisionmaking. We look at the differences between implicit and explicit costs, the weighing of marginal costs and marginal benefits, the costs of capital, as well as the differences between accounting profit and economic profit.

So how does this impact a business owner making decisions about how many stores to open? How many people to hire? How many resources to buy? Marginal analysis is used to make these informed decisions.

We look at the answers to these questions and more in this overview of chapter 7 on making decisions at the margin, weighing marginal costs and marginal benefits! Join me!