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If It Were Not for the Nasal Cavity

question 39

Multiple Choice

If it were not for the nasal cavity,

Assess the effect of external changes (such as price changes or external costs) on the perceived benefits and costs associated with an activity.
Distinguish between constant, increasing, and decreasing marginal costs and benefits.
Calculate total profit or benefit given data on marginal costs and benefits.
Evaluate decisions using the concept of opportunity cost and sunk costs.

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