Explain the importance of total costs and marginal costs in making good business decisions.

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asked Jul 17, 2019 114k views

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Kozlovda · Answer 1 · 2019-07-24T02:24:41+0000

In making a good business decision; the marginal benefit is the extra profit you make from producing more goods, while marginal cost is the expense of producing them.

Explain the importance of total costs and marginal costs in making good business decisions.

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