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Briefly explain the independent variable and the dependent variable in an experiment.Describe the relationship between them.
Marginal Costs
The boost in total charges incurred by producing one more unit of a product or service.
Rational Self-interest
Acting in a way that is most beneficial to oneself, based on logical and reasoned decision-making.
Utility
In economics, the satisfaction or benefit derived from consuming a product or service.
Opportunities
Circumstances that make it possible to do something, often leading to new ventures or investments in economics.
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