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psintusaichol psintusaichol
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A year ago
Assume that an individual has to choose between two options, buying a cell phone or buying an iPad. The expected cost of buying a phone is $700 and the expected benefit is $900. The expected cost of buying an iPad is $300 and the expected benefit is $600. How does the individual arrive at the optimal choice if he implements:
a) optimization using total value?
b) optimization using marginal analysis?
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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choroni64choroni64
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A year ago
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