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What are 3 types of decisions that need to be made in economics?
Wiki User
∙ 15y ago
What is the Marginal Benefit?
What is the Marginal Cost?
At what point does the MB & MC equal out? (All needs & wants satisfied)
Wiki User
∙ 15y ago
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Is an area of economics that deals with the economy as a whole?
Macroeconomics is concerned with the functions, interactions, and changes in the larger economic. Macroeconomics represents aggregate economic decisions, which are the sum of individual decisions. Macroeconomics does not need to be associated with the economy as a whole, but it usually is.
In an economic system decisions need to be made about productive resources and which of the following?
Allocation
Do people need to look to the past or the future when making decisions Paragraph Please?
No cos I've made loads of decisions and they worked out well
Why is it important to have officials in badminton?
So that any decisions that need to be made can be made by a third party who won't be bias.
Is a visual diagram of a process including the decisions that need to be made along the way?
flow chart
What is a visual diagram of a process including the decisions that need to be made along the way?
flow chart
How research useful in the economics?
Research is useful in economics to know the need of the consumer.
What is a visual diagram of a process including the decisions that need to be made along the way called?
flow chart
What was the decisions William made during the battle?
To answer a question question we need a who, what, when, where, why, or how. Your question needs to give us the who, when, and where.
Why is macroeconomics important in managerial economics?
It can be important when the decisions of management are related to the whole of the social system. A possible change in the forecast of the progress of the macro-economy can result in the need for the managemental decision-making to re-align with it.
What do you need for a degree in economics?
a brain
If resources were abundant there would have been no need to study economics?
if resources were in abundant there would have been no need to study economics why? what is production
