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Economics trend
Essay specific features
Written by:
Kanisha C
Date added:
May 31, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 685
Was viewed:
8780 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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