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Question: Suppose that, instead of increasing his level above the initial choice, the decision maker first tries decreasing the amount of whatever it is he is attempting to maximize. Explain how the comparison of marginal cost and marginal benefit for these decreases is made and leads the decision maker to the optimum. (Assume that the initial level is greater than what will ultimately prove to be the optimum.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92747512

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