Economics trend

Essay specific features

 

Issue:

Business

 

Written by:

Kanisha C

 

Date added:

May 31, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 685

 

Was viewed:

8723 times

 

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Essay content:

"Marginal analysis refers to the comparison of marginal benefits and marginal costs" (McConnell & Brue, 2004, pg. 4) When individuals act to satisfy their wants, they behave rationally. Rational behavior is consistent behavior that maximizes an individual's satisfaction. The notion of rational behavior rests on three assumptions: ???First the individual has a preference and can identify, within limits, what he or she wants...
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Furthermore, she will always choose less rather than more of what she does not want. In short, the rational individual always stands ready to further her own interests. When I first started college, I wanted to major and in Biology to become a Pediatrician but when I did my research on what classes I needed to take and how long it would take, I opted to major in Liberal Studies to become a teacher which would still allow me to work with children...
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