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6 Cards in this Set
- Front
- Back
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3 fundemantala of economics |
What Whom How |
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Revenue - expenses = ? |
Profit |
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Maximization |
Revenue - expenses = profit |
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Value of our next best alternative |
Opportunity cost |
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Extra benefit from one more unit of an activity |
Marginal benefit |
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Extra cost of one more unit of an activity |
Marginal cost |
