ECON545 Week 2 Discussion 1

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Marginal Analysis (graded)

Controlling Costs (graded)

Q & A forum (not graded)

Marginal Analysis (graded)

Why is marginal analysis important in economics?Howdo the tutorials Basics of Marginal Analysis andUnderstanding and Applying Marginal Analysisat the end of this week's lecture reinforce the concepts of marginal analysis?Howcan any firm find the right productionlevelwhich guarantees maximum profit (or minimum loss)?

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