 |  Macroeconomics, 9/e Campbell R. McConnell,
University of Nebraska, Lincoln Stanley L. Brue,
Pacific Lutheran University Thomas P. Barbiero,
Ryerson University
The Nature and Method of Economics
Web LinksBusiness First
(http://www.louisville.bcentral.com/louisville/stories/1997/08/18/smallb4.html)
This article, by Paul Colby Jr., describes the concepts of marginal cost and marginal benefit in a practical business setting. The concepts of opportunity cost and limited resources are also addressed in the article. |
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