What marginal benefit equals marginal cost means in economic terms
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YouTubeFree Econ Help
What marginal benefit equals marginal cost means in economic terms
This video goes over the classic equation in economics MB=MC. The video explains what it means, and how we can get to it with three different examples. Basically we care about efficiency. If marginal benefit is not equal to marginal cost then something is going wrong in the problem. Either our budget ran short or the firm is over/under ...
161.1K viewsOct 10, 2011
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