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An entrepreneur uses the concept of marginal benefit to
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
The fixed costs of a business
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
When figuring out the price to charge for a product or service, an entrepreneur should consider
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
An entrepreneur should make a change if the marginal benefit of the change is
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
When there are many different suppliers producing similar goods,
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
In making business decisions, an entrepreneur should consider all of the following except
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
In a command economy,
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
In a market economy, individual choice
buyers can shop around for the best deal
include monthly rent
all of these
greater than its marginal cost
opportunity benefits
creates the market for a good or service
all of these
decide whether a business change is desirable
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