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If marginal costs are relevant for specific situation or specific decision making scenario then marginal costs are relevant costs otherwise marginal costs can be irrelevant.

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If marginal costs are relevant for specific situation or specific decision making scenario then marginal costs are relevant costs otherwise marginal costs can be irrelevant.

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One is able to learn about marginal costs at several different places online, such as at the following websites: the Wikipedia Marginal Costs webpage, Marginal Cost, and Margins.

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Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.

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Rational Decision making occurs when marginal benefits of an action exceed the marginal costs

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equal to marginal revenue

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Economics

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