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Discuss the similarities and differences between identity theory and social identity theory.
Marginal Costs
The increase in total cost that arises from producing one additional unit of a good or service.
Marginal Benefits
The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.
Net Benefit
The total benefits of a decision or action minus the total costs associated with that decision or action.
Marginal Cost
The expense associated with manufacturing an extra unit of a product.
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