Summary
The first class to the completion of this class is the material for the coming quiz.
<aside> 📌 SUMMARY: Economics decisions are supposed to made keeping in mind absolute not proportional values, with the margin considered, and the implicit costs (and opportunity cost) as well. Sunk costs are not supposed to be considered. There are important differences to keep in mind in terms of microeconomics and macroeconomics and normative and positive economics.
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