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Dr.Ruiz is a theoretical physicist who is a renowned researcher,but she has difficulty figuring out how to turn on the air conditioner in her car.According to Robert Sternberg,Dr.Ruiz has
Cost-Benefit Analysis
A methodical strategy for assessing the advantages and disadvantages of various options to identify the most effective method for realizing benefits while conserving resources.
Marginal Cost
The extra cost incurred by producing one more unit of a product or service.
Marginal Benefit
The extra value or contentment obtained when one more unit of a good or service is consumed or produced.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction.
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