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ECON 545 Week 2 DQ 1 Marginal Analysis
This file of ECON 545 Week 2 Discussion Question 1 Marginal Analysis comprises:
Why is marginal analysis important in economics? How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecture reinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)?