This weeks learning of marginal analysis is fundamental to decision making. To accurately apply this analysis, we need to understand the full range of costs and benefits tangible and intangible. To make this learning real, think about a decision you made that involved both explicit and implicit costs and potentially sunk cost. Evaluate your decision process and think about how you would have made the decision based on your learning this week. Include in your discussion, the concepts of economic profit and loss. identify, evaluate and analyze the Main Issues/Problems- by Demonstrating an exceptional understanding – of the Decision Maker- that Prioritizes business concerns. Chapter 3 will be uploaded…..
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