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If the marginal total cost when moving from Option A to Option B is negative and the marginal total ...

AndrewKraus

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If the marginal total cost when moving from Option A to Option B is negative and the marginal total ...

If the marginal total cost when moving from Option A to Option B is negative and the marginal total cost when moving from Option B to A is positive, which of the two options is better? What is the underlying principal behind the decision?

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Microeconomics

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

Read 66 times

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lostein

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AndrewKraus Author

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#2

6 years ago

Excellent answer, thx

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